EIB confirms EUR 3 billion support for priority investment across the southern Mediterranean
July 11, 2023
The European Investment Bank has provided nearly EUR 3 billion to support of transformational public and private investment across the southern Mediterranean region since Russia’s invasion of Ukraine.
Details of recent support for new investment to strengthen economic resilience and food security, improve health and education, increase clean energy use and sustainable transport and accelerate climate action were announced at the high-level MED Conference being held in Barcelona this week.
Jointly organised by the European Investment Bank and Union for the Mediterranean the MED Conference brought together more than 200 government, business, banking and policy partners from the region for two days of discussions.
EIB Vice President Gelsomina Vigliotti underlined the importance of sustaining priority investment, stating, “In the face of significant challenges, it is crucial that we ensure continuous support for investment in the southern Mediterranean. By fostering business growth and addressing climate and energy concerns, we can drive sustainable development and create a prosperous future for the region.”