EU bank expects to invest over 17 bn euro in MENA, Balkan region

BRUSSELS, May 20 (KUNA) — The European Investment Bank (EBI) announced Friday that its expected investment over the next 5 years currently amounts to 17.5 billion euro (USD 19.7 billion) for MENA (Middle East and North Africa), Turkey and the Western Balkans.
The Luxembourg-based bank said in a press release that it is also preparing a 71.5 million euro (USD 80.2 million) microfinance facility for its Southern Neighbourhoods region, which would emphasise projects in Jordan and Lebanon.
The EIB currently has a total signed exposure in the MENA, Turkey and the Western Balkans at around EUR 36 billion (or USD 40 billion).
The EIB, whose shareholders are the 28 governments of the EU, is said to be the largest international financial institution active in the Mediterranean region. (end) nk.ibi

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