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EIB pledges €4B financing to EU states hosting Ukrainian refugees

EIB pledges €4B financing to EU states hosting Ukrainian refugees

The European Investment Bank (EIB) is preparing a €4 billion program for 2022 and 2023 to support the European Union (EU) member states hosting Ukrainian refugees amid the ongoing Russian invasion of Ukraine, the EIB revealed in a recent press release.

Pending the approval of the bank’s board of directors, the new program comes as part of the EIB’s Ukraine Solidarity Package.

The new EIB program will provide long-term financing and technical assistance to EU member states welcoming war refugees from Ukraine.

The financing is set to be pumped into the development of vital social infrastructure to help offering public services to refugees, including housing, schools, hospitals, and kindergartens.

On March 4th, the EIB’s board approved the EIB Solidarity Package for Ukraine.

The EU Bank has already disbursed €668 million of urgent liquidity support to the Ukrainian government in March.

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