EIB appeals for more lending scope


Issue 305 - 24 Jul 2015 | 1 minute read

Having significantly boosted its financing for the Africa, Caribbean and Pacific (ACP) region in recent years, the European Investment Bank (EIB) wants to provide even more lending and other facilities to boost European Union development co-operation, its president Werner Hoyer told the Luxembourg-based bank’s first ‘Africa Day’ conference. EIB lending outside Europe is limited by EU governments to 10% of total lending, Hoyer said. However, “our ambition is to make the maximum impact. Africa needs roads, water, transportation” and other infrastructure, he said on 11 July.

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