European Investment Bank pumped 2.4 billion euros into the Belgian economy last year | Domestic

European Investment Bank pumped 2.4 billion euros into the Belgian economy last year | Domestic
European Investment Bank pumped 2.4 billion euros into the Belgian economy last year | Domestic
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The European Investment Bank (EIB) granted 2.4 billion euros in financing in Belgium last year. The group announced this. Worldwide, the EIB concluded almost EUR 88 billion in new financing agreements.

The EIB is a bank of the European Union. It raises money on the capital market and provides loans to projects that match the EU’s policy objectives. For example, a large part goes to climate investments. The EIB also takes stakes in companies through the European Investment Fund.

In Belgium, the EIB provided fifteen loans worth a combined EUR 2.145 billion. In addition, 230.5 million euros went to guarantees and direct and indirect shareholdings.

A third of the loans went to water projects. Water companies Aquafin, SPGE and Vivaqua received EIB funds. Almost a quarter went to transport projects, with the loan of 475 million euros for the Brussels metro being eye-catching. The EIB also provided loans to the energy network operators Fluvius (150 million euros) and RESA (190 million euros) in the context of the energy transition.

According to EIB Vice President Kris Peeters, whose term expired on Wednesday, important financing is still in the pipeline for Belgium. For example, the EIB wants to spend large amounts on hospitals. Peeters suggested that the EIB could also help with defense investments. “The Italians, for example, are already making smart use of this,” said Peeters.

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The article is in Dutch

Belgium

Tags: European Investment Bank pumped billion euros Belgian economy year Domestic

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