EIB supported resilient and inclusive initiatives with 5.6 billion investment in the Mediterranean

During the 19^th edition of the EIB-Med conference “Investing in a resilient and inclusive future” held in Beirut on 30 September 2019, the European Investment Bank Vice-President Dario Scannapieco reviewed the EIB investment in Egypt, Jordan, Lebanon, Morocco, Palestine and Tunisia for the period 2015-2018. The EIB financing has contributed to improve water and sanitation services for 5.8 million people, bring reliable and environment-friendly transport to 1.4 million people, and upgrade 1170 km of roads, while sustaining more than 300,000 jobs in the private sector. Through its Economic Resilience Initiative (ERI), and with support from the European Commission and EU member states, the EIB has scaled up its financing activities in the EU neighbourhood  (Mediterranean Partners and West Balkans) considerably. Since its launch in 2016, additional financing agreements were signed for 38 projects with total value of EUR 3.5 billion in the Mediterranean Partner Countries and Western Balkans. These financing agreements include projects in Egypt, Jordan, Lebanon, Palestine, Morocco and Tunisia and cover investments in education, industry, water and sewerage, solid waste, energy, transport and SMEs sectors.