The approval of a credit line (lending programme) of €4 billion to support national and local authorities in receiving refugees from Ukraine. EUR 4 billion to support national authorities, poles, regions and local communities in the Member States of the European Union facing emergency needs as they receive and integrate refugees from the war in Ukraine, was approved by the Board of Directors of the European Investment Bank (EIB), according to a Commission statement.
The announcement follows the EIB's pledge announced at the "Stand Up for Ukraine" donor conference on 9 April in Warsaw, which was organised by the European Commission and Canada in partnership with Global Citizen.
The event announced pledges for a total of €9.1 billion in support for refugees from Ukraine as well as internally displaced persons, including a pledge of €1 billion from the Commission.
As announced, the EIB's financing package is accompanied by the EIB's advisory support to EU Member States through the EMBRACE advisory platform, an EIB and Commission initiative.
Through this platform, which builds on the InvestEU Advisory Hub, JASPERS and fi-compass initiatives, Member States will be able to request targeted advice to rapidly develop investments, projects and technical support instruments for communities in need.
In particular, technical support will be provided to public sector project promoters such as national authorities, cities, regional administrations, managing authorities responsible for EU funds, national promotional banks and other financial institutions.
"Europe is a safe haven for millions of people displaced by the Russian invasion of Ukraine," said Commission President Ursula von der Leyen, stressing that the EU is ready to support Member States hosting refugees with funding and advisory services "so that they can quickly and efficiently deploy investments and meet their short- and medium-term needs."
Πηγή: CNA
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