EIB Lending Rose Sharply in 2009

The European Investment Bank released a total of 79 billion euros (USD107 billion) in loans in 2009. This reflects a 37 percent increase from its 58 billion euros total lending in 2008. The bank’s 2009 lending focused on economically weaker European regions, small and medium-sized enterprises and sustainable energy. European countries benefited from more than 89 percent of the 2009 lending, with the rest going to countries outside the bloc, according to a statement from the bank.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.