The European Investment Bank (EIB) will provide financing of 700 million euro to the Western Balkan countries support them in mitigating the impact of the coronavirus crisis, the EIB head for the region, Dubravka Negre, said.
The funding is part of a $ 5.2 billion financial package that the EIB plans to provide to countries outside the European Union (EU) to assist them in coping with the coronavirus crisis, Negre said in a video file posted on the website of Tanjug news agency on Thursday.
“We are currently discussing with our public and private partners where the most important and urgent investments are needed. We hope to define plans and priorities for each country very quickly,” Negre said.
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The bank will focus its support on the healthcare sector, but it also aims to back small and medium-sized enterprises (SMEs) and boost commercial banks, while providing advisory services in the investment realization, she noted.
The EIB said it would provide in the coming months a financial package of up to 5.2 billion euro to countries outside the European Union (EU), including the Western Balkans, to limit the impact of the coronavirus crisis.
Last week, Negre said the EIB wanted to mobilize 400 million euro in funding to back efforts by small and medium-sized enterprises (SMEs) in Serbia to overcome the difficulties caused by the coronavirus pandemic.
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