EIB mobilises €40 billion in funding to fight crisis caused by COVID-19

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EIB mobilises €40 billion in funding to fight...
 © In-Cyprus 2020
The European Investment Bank (EIB) announced it will rapidly mobilise a funding facility that may reach up to €40 billion for Cypriot and European businesses under strain from the COVID-19 pandemic.

EIB called on member-states to set up a further guarantee for SME and Midcap support from EIB Group and national promotional banks.

Funding may reach up to €40 billion can be mobilised on short notice, backed up by guarantees from the European Investment Bank Group and the European Union budget, while extra funding available for healthcare sector for emergency infrastructure...


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This article was automatically added to our system 17-3-2020

EIB mobilises €40 billion in funding to fight crisis caused by COVID-19


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: mobilises, billion, funding, fight, crisis, caused, covid,