Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

EIB Pours €2.5 Billion into Greece's Economic Recovery


Mon 19 Feb 2024 | 08:58 AM
The European Investment Bank (EIB)
The European Investment Bank (EIB)
Nada Mustafa

The European Investment Bank (EIB) announced that it has lent Greece €2.5 billion in 2023 to support economic and social cohesion projects.

In a statement, IMF said that it has extended another loan of €143 million this year to support the country's efforts in research and development, higher education and research centers spread across Greece.

The bank noted that the loans focused on sectors providing job opportunities and training for young researchers, and preventing "brain drain", while strengthening economic, social and regional cohesion in the European Union in line with the goals of the euro area, as well as enhancing the country's competitiveness and improving citizens' lives.