EU bank demands €18B plus pledges for more to help pandemic recovery, climate plans

POLITICO | The European Investment Bank asked EU governments to stump up nearly €18 billion and commit €157 billion more for the lender to support the bloc’s economic recovery and climate ambitions.

EIB President Werner Hoyer told EU finance ministers at Friday’s Ecofin Council that it would need €17.7 billion of fresh money paid in, according to treasury officials on the videoconference. The rest would be callable capital, drawn upon only if needed to cover losses.

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