- Reference: 2016-164-EN
A new initiative from the European Investment Bank (EIB) to support regions outside of Europe that are significantly affected by the refugee crisis has been welcomed by EU heads of state and governments meeting in Brussels today. Responding to a request by the European Council in March, EIB President Hoyer laid out how the EU Bank could step up its support and address the pressing needs of the regions with action to support growth, jobs vital infrastructure and social cohesion.
Migratory flows to Europe: new dimensions to deep-rooted patterns
The board of the European Investment Bank yesterday approved more than EUR 12 billion of new loans expected to support investment in roads, railways, industrial innovation, social housing, hospitals, and energy, as well as lending by leading local banks to enhance access to finance by small businesses across Europe and around the world.
The Board opened its work by observing a minute of silence in memory of the victims of the terrorist attacks in Paris last week.