| Project Detail |
Description
The Lending Envelope (LE), consisting of sub-operations as multiple beneficiary intermediated loans (MBIL) or Framework Loans (FLs) with acceptable financial intermediaries, will support the reconstruction after the severe floods in Austria, Poland, the Czech Republic, Slovakia, Romania and other Member States.
Objectives
By providing additional liquidity to banks and other financial institutions, the aim is to support sustainable rebuilding efforts and preventive measures to enhance resilience against future flooding events. As a result, the LE will mitigate the economic impact of the floods and ensure a quicker recovery for the affected communities, by reducing their vulnerability in case of similar disasters in the future.
Sector(s)
Water, sewerage - Water supply; sewerage, waste management and remediation activities
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 1000 million
Total cost (Approximate amount)
not applicable |
