|
New EIB Mandate to Further EU's Partnership with Neighboring Countries |
|
|
Friday, 14 October 2011The European Investment Bank (EIB) and the European Commission have welcomed final adoption of new legislation on EIB lending outside the EU on the basis of an EU budgetary guarantee, ENPI INFO Center reported.
EIB President Philippe Maystadt said this new mandate will strengthen the EIB's capacity to respond to global challenges such as climate change and will further the EU's partnership with neighbouring countries.
"We will work even more closely with the European External Action Service (EEAS) and the European Commission in pursuing EU policy goals," Maystadt said
"This revised mandate ... should be instrumental to help EIB to take part in our joint efforts to provide support to our Mediterranean Partners in their democratic transition process and more generally to support Pre-Accession and Partner countries to withstand the crisis," European Economic and Monetary Affairs Commissioner Olli Rehn said.
The new mandate streamlines the objectives of EIB lending and provides for additional resources to support the EU's Southern and Eastern neighbours and to tackle climate change.
The legislation on EIB lending outside the EU on the basis of an EU budgetary guarantee covers the period 2007-13. On top of an existing financial envelope of € 25.8 billion, the new mandate provides for an extra € 2 billion of lending for climate action and an extra € 1.7 billion of lending for the EU's pre-accession, neighbourhood and partner countries, of which € 1bn for Southern Mediterranean countries undertaking political reforms.
|
Friday, 14 October 2011
Trend AZ
|
|
|
|
|
|
|
|
|
|
|
|
|
MOST VISITED NEWS (DAILY) |
|
|
|
|
|
|
|
