European Investment Bank Approves €24 Billion for Business, Transport, Social and Climate Investment
The Board of Directors of the European Investment Bank (EIB) today approved €23.6 billion of new financing to support new business, transport, health, education, clean energy and climate action investment across Europe and around the world.
“The investments approved by the EIB Board today reflect the EU Bank’s commitment in responding to very challenging economic and geopolitical circumstances that unravelled during 2022. The Bank leveraged on its track record as a major investor in climate action, energy and technology to strengthen Europe and its partners at this critical time”, said Werner Hoyer, President of the European Investment Bank.
The EIB Board also decided the creation of a new Global Gateway Fund, a fund of funds intended to provide equity and debt financing for high-impact infrastructure, clean energy and human development projects around the world. The Fund will be an integral part of the EU Bank’s contribution to the EU’s Global Gateway initiative.