EIB Board approves €4 billion credit line along with the EMBRACE Advisory Platform to support the integration of refugees from Ukraine in EU countries.

European Commission
Press release
Brussels, 19 May 2022

 
• The €4 billion credit line aims to support EU Member States hosting people fleeing from Russia's unjustified invasion of Ukraine and to develop vital public infrastructure for refugees and host communities. • The Board approval follows the EIB's pledge at the global fundraising event “Stand Up for Ukraine” • The credit line will be complemented by the EMBRACE Advisory Platform, supported by InvestEU Advisory Hub, JASPERS and fi-compass initiatives, and helping EU Member States to better address infrastructure needs • The operations are a part of the EIB Solidarity Package for Ukraine prepared in cooperation with the European Commission. The Board of Directors of the European Investment Bank (EIB) has approved yesterday a €4 billion credit line (or programme loan) to help national authorities, cities, regions and local communities in all EU Member States address urgent investment needs and help welcome and integrate people fleeing the war against Ukraine. The...
 
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