The European Investment Bank’s (EIB) Board of Directors has approved an EU initiative to finance reconstruction and recovery in Ukraine. This temporary arrangement will allow the EIB to continue its work in the country until the expected medium-term EU support is in place. As part of the initiative, the EIB will establish an EU for Ukraine Fund, which will, among other things, allow for increased EIB lending for both public and private sector investments.
The EIB has also agreed to lend €1.8 billion for sustainable transport, corporate innovation, clean energy, climate change, and digitalisation, both in Europe and globally.