EIB boosts Western Balkans financing by 50% in 2020

Banking

The European Investment Bank (EIB) increased its investments in the Western Balkans by 50% in 2020 to a total of EUR 873 million (USD 1.05 billion) and provided extensive support to the recovery from COVID-19 under the European Union's Team Europe initiative, it said.

The biggest part of the investment, EUR 531 million, was allocated to constructing and modernizing transport infrastructure in the Western Balkans, including a major investment on Corridor Vc in Bosnia and Herzegovina, that also benefited from a EUR 12 million grant provided under the EU Western Balkans Investment Framework (WBIF), the EIB said in a statement.

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