EIB to Continue High Lending in 2011

The European Investment Bank will keep its high level of lending until 2011 to further support European countries affected by the global economic and financial crisis, Reuters reports. EIB President Philippe Maystadt said the bank expects to lend up to 75 billion euros (USD102 million), less than its 2009 lending of 79 billion euros. Maystadt added that EIB plans to issue approximately 80 billion euros worth of bonds throughout 2010.

About the author

  • 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.