By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    German ambassador to Cairo calls for more privatisation of public companies
    German ambassador to Cairo calls for more privatisation of public companies
    June 7, 2023
    $513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023
    $513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023
    June 7, 2023
    Qatar Investment Authority wants to fully acquire Telecom Egypt’s stake in Vodafone Egypt via subsidiary: Sources
    Qatar Investment Authority wants to fully acquire Telecom Egypt’s stake in Vodafone Egypt via subsidiary: Sources
    June 7, 2023
    7th annual Capital Markets Summit to be launched on 20 June
    7th annual Capital Markets Summit to be launched on 20 June
    June 7, 2023
    CBE receives 21 offers worth $644.1m to cover dollar-denominated T-bill issuance
    CBE receives 21 offers worth $644.1m to cover dollar-denominated T-bill issuance
    June 7, 2023
  • Politics
    PoliticsShow More
    Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
    Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
    June 7, 2023
    Egypt, Serbia hold round of consultations to discuss strengthening bilateral relations
    Egypt, Serbia hold round of consultations to discuss strengthening bilateral relations
    June 7, 2023
    All civilians in Sudan are in danger: UN High Commissioner for Refugees
    All civilians in Sudan are in danger: UN High Commissioner for Refugees
    June 7, 2023
    Arab League calls on Security Council to shoulder its responsibilities, oblige Israel to end occupation
    Arab League calls on Security Council to shoulder its responsibilities, oblige Israel to end occupation
    June 5, 2023
    Institute of Diplomatic Studies holds training course for diplomats from South Sudan
    Institute of Diplomatic Studies holds training course for diplomats from South Sudan
    June 5, 2023
  • Interviews
    InterviewsShow More
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    EFG Finance to launch unified platform gathering all its financing services: Alaa Al-Afifi
    May 31, 2023
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    I changed my artistic path to create ‘state of wonder’: Tarek Lotfi
    May 25, 2023
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    I adore Ramadan drama, ‘Telt Al-Talata’ series achieved great success: Ghada Abdel Razek
    May 8, 2023
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    We aim to establish Egypt as nearshore centre for Software AG for MET region: Rami Kichli
    April 29, 2023
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    Egypt-Spain relations witness remarkable development in recent years: Spanish ambassador in Cairo
    April 18, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: EIB approves €7.5bn global financing as part of pandemic response
Share
Notification
Latest News
Chimpanzees' communication development echoes human infants
Chimpanzees’ communication development echoes human infants
Science
Does multimorbidity impact chronic disease treatment?
Does multimorbidity impact chronic disease treatment?
Science
German ambassador to Cairo calls for more privatisation of public companies
German ambassador to Cairo calls for more privatisation of public companies
Business
$513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023
$513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023
Business
Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
Egypt’s Al-Sisi starts African tour to Angola, Zambia, and Mozambique
Egypt Politics
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > EIB approves €7.5bn global financing as part of pandemic response
Business

EIB approves €7.5bn global financing as part of pandemic response

Shaimaa Al-Aees
Last updated: 2020/06/13 at 8:42 PM
By Shaimaa Al-Aees 3 Min Read
Share
SHARE

The European Investment Bank (EIB) has approved €7.5bn of new financing for projects worldwide as part of its global coronavirus (COVID-19) response.

The financing will go towards investments to improve public health, hospital and elderly care facilities, and dedicated new business lending programmes to support sectors most impacted by the pandemic.

EIB President Werner Hoyer said, “The COVID-19 pandemic makes support for the public health sector and business desperately urgent, and the EIB Group is responding without delay.”

He added, “I was glad to receive support from the EIB governors, the EU finance ministers, earlier this week for this combination of crisis response and long-term investment into a green and digital future.”

The EIB board approved €3.2bn of new financing to support private sector and public health investments.

This includes targeted credit lines in Spain, Mexico, Uzbekistan, the Maldives and through regional initiatives with partners across Africa. This will help companies in sectors most impacted by the coronavirus pandemic, as well as a climate action business financing programme in Greece, and financing for innovative companies in Italy.

New hospital and healthcare financing will support the emergency response to the virus in Spain and Portugal, and construction of a new hospital and improvement of existing intensive care facilities in Antwerp. The EIB has also agreed to finance a new programme to improve care facilities for elderly people across Portugal.

The board approved a regional initiative to strengthen the public healthcare response to the coronavirus in Morocco, Tunisia, Egypt, Jordan, Moldova, Belarus, and Uzbekistan.

In addition to this, the bank has allocated €1.5bn for clean transport and improving electric vehicle charging. Commuters and travellers across Europe will benefit from improved air quality and more sustainable transport following EIB support for new rail, electric car and public transport investments. This is besides the EIB’s support of energy efficiency in urban development and social housing.

Thousands of families will benefit from EIB backing agreed for more than 1,500 new near-zero emission affordable homes in towns across France, and improvements to district heating in the Lithuanian city of Kaunas.

Future generations of students and researchers will benefit from redevelopment at University College Dublin and higher education institutions across Romania. This comes alongside new EIB financing for three new specialist oceanographic climate research ships in Italy.

You Might Also Like

German ambassador to Cairo calls for more privatisation of public companies

$513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023

Qatar Investment Authority wants to fully acquire Telecom Egypt’s stake in Vodafone Egypt via subsidiary: Sources

7th annual Capital Markets Summit to be launched on 20 June

CBE receives 21 offers worth $644.1m to cover dollar-denominated T-bill issuance

TAGGED: EIB, global financing, pandemic, The European Investment Bank
Share this Article
Facebook Twitter Email Print
Previous Article Coronavirus (covid-19) pandemic in Egypt COVID-19 fatalities among Egyptian doctors reach 60 
Next Article Egypt allocates EGP 62m to establish youth centres in most needy villages
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Chimpanzees' communication development echoes human infants
Chimpanzees’ communication development echoes human infants
Science
Does multimorbidity impact chronic disease treatment?
Does multimorbidity impact chronic disease treatment?
Science
German ambassador to Cairo calls for more privatisation of public companies
German ambassador to Cairo calls for more privatisation of public companies
Business
$513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023
$513m increase in Egypt’s foreign-exchange reserves to $26.686bn in May 2023
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?