Multilateral development banks

BELGRADE - EIB Global has approved 45 mln euros for two educational projects in Serbia and 31 mln for water transport, and Finance Minister Sinisa Mali says the 76 mln euro aid will go to investments to modernise educational institutions as well as to further renovation and development of infrastructure.

The European Investment Bank (EIB) and Greek authorities on Thursday announced new financing agreements, worth 900 million euros in total, that will support priority investments in high-impact, large-scale projects across the country, focused on the green and digital transitions.

The European Investment Bank announced on Wednesday it is committing 28.5 million euros in financing for the Public Power Corporation Group's renewable energy arm, to help support the construction of three solar farms.

The EIB financing will reach a maximum amount of €35 million over the coming months.

J. Humberto Lopez has been announced as the World Bank's country director for Türk,iye to replace Auguste T. Kouame, who recently completed a three-year term.

Lopez, a Spanish national, will lead the World Bank's Program and Portfolio supporting the government of Türkiye to further its development agenda, the World Bank said in a press release yesterday.

The first phase of the Montenegrin Bar-Boljare highway. Photo: Government of Montenegro

On July 13, Prime Minister Dritan Abazovic opened the first section of the highway, seven years after the Chinese-financed project started, and drove up Montenegro's public debt to 90.85 per cent of GDP.

The European Bank for Reconstruction and Development (EBRD) said yesterday that it is facilitating access to finance for insulation panels producer Panelsan through a risk-sharing facility with Türkiye Sinai Kalkinma Bankasi (TSKB), the Industrial Development Bank of Turkey.

After a year of support from the European Investment Bank to the Greek economy, which reached record levels in 2021, the president of the bank, Werner Hoyer, will be in Athens on Tuesday and Wednesday to discuss this strong cooperation and for new financial projects to follow.

The assurance that the European Investment Bank (EIB) will continue to support the Greek economy but also its optimism for the economic prospects of our country is underlined by Christian Kettel Thomsen, Vice President of the EIB, emphasizing that the Greek economy showed with the strong growth it achieved last year that it has the ability to recover from difficulties while it appeared optimist

After Microsoft announced it would spend tens of billions of dollars to buy a video game company, World Bank President David Malpass on Jan. 19 drew a contrast between the deal and the amount of money rich nations have pledged to help poor countries facing higher debt loads.

The European Bank for Reconstruction and Development (EBRD) on Nov. 22 provided a $25 million loan to Garanti BBVA Leasing for on-lending to eligible companies looking to invest in greater sustainability.