EIB to invest $20 billion in the Middle East
The European Union-run bank will also establish a micro-financing line worth 71.5 million euros ($80.2 million) focusing primarily on projects in Lebanon and Jordan, which are seeing a massive inflow of refugees fleeing the civil war in neighboring Syria.
Currently, the Luxembourg-based EIB has 36 billion euros ($40 billion) invested in the Middle East and North Africa, Turkey and the Western Balkans.
The EIB is the most active institution in the Mediterranean. ■