The European Investment Bank (EIB) and Ibercaja have taken a new step forward today to help small and medium-sized enterprises (SMEs) access loans on favourable terms. The EU bank has provided Ibercaja Banco with a EUR 150m loan to finance the investment projects and working capital needs of Spanish SMEs and mid-caps (with up to 3 000 employees). Under the agreement, Ibercaja will add a further EUR 150m to this credit line, meaning that the final financing volume made available to SMEs and mid-caps by the two institutions will total EUR 300m.
On 12-13 June 2019, the EU-Canada financial services committee met in Ottawa. Almorò Rubin De Cervin, Acting Director for General Affairs at the Directorate-General for Financial Stability, Financial Services and Capital Markets Union, attended the meetings. He explains what the key issues are in the area of financial services and why the EU is an important partner for Canada.
Thanks to financial support under the EaSI Capacity Building Investments Window, which is managed by the European Investment Fund (EIF) on the European Commission’s behalf, two microfinance institutions in Romania will have more capacity to provide microloans to small businesses.
A joint High-level mission of the European Commission and key European and international financial institutions as well as the United Kingdom’s Department for International Development was in Amman today to confirm coordinated international support for the Government of Jordan’s economic reform agenda.