Release NEWS - EIB Group will rapidly mobilise up to EUR 40 billion to fight crisis caused by Covid-19 and calls on Member States to set up a further guarantee for SME and mid-cap support from EIB Group and national promotional banks
- EIB Group offers support to European companies under strain from the coronavirus pandemic and its economic effects
- Potential financing of up to EUR 40 billion can be mobilised at short notice, backed up by guarantees from the European Investment Bank Group and the European Union budget
- Extra funding available for healthcare sector for emergency infrastructure and development of cures and vaccines
- President Hoyer calls for significant, scalable additional guarantee from Member States to ensure access to finance for SMEs and midcaps