The European Commission and EIB Group join forces to reduce pollution in the Mediterranean

May 18, 2021
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The European Commission and the European Investment Bank Group, composed of the European Investment Bank and the European Investment Fund (EIF), announce increased cooperation to implement the new EU Sustainable Blue Economy policy.

Both institutions will work jointly with the EU Member States to meet existing financing needs to reduce pollution in European seas and support investment for blue innovation and blue bio economy.

Efforts will be aligned to reduce pollution in European seas, especially in affected areas such as the Mediterranean Sea.

The European Investment Fund (as part of the EIB Group) and the European Commission will jointly prepare a framework to stimulate investments in blue innovation and to implement the Farm to Fork and bioeconomy strategies.


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Press release

Countries covered:

  • Algeria
  • Egypt
  • Israel
  • Jordan
  • Lebanon
  • Libya
  • Morocco
  • Palestine *
  • Syria *
  • Tunisia