The European Investment Bank (EIB) has announced a EUR 4 billion program to support EU Member States hosting Ukrainian war refugees and to develop vital social infrastructure, under the Solidarity Program of the EIB with Ukraine.
It is according to a statement published on the EIB website, reports Ukrinform.
“We are all devastated by the terrible destruction inflicted on Ukraine and its people, millions of whom are fleeing their country in search of peace and security. The horror we are witnessing strengthens our resolve to act,” said EIB President Werner Hoyer.
The new EIB programme, pending approval by the EIB Board of Directors, aims to finance the development of essential social infrastructure for the provision of public services to refugees, including housing, schools, hospitals and kindergartens.
Financial support will be complemented by advisory support, helping local authorities in EU Member States with free technical assistance to quickly assess local needs and plan, prioritize and prepare corresponding investments.
The EIB recalled that the EIB Board of Directors had already approved the EIB Solidarity Package for Ukraine on March 4, 2022. As part of this package, between March 8 and 25, the bank of the EU has provided EUR 668 million in urgent cash assistance to the Ukrainian government.
“With our initial Solidarity Package for Ukraine and this new €4 billion program for EU Member States, we will support Ukraine and help communities hosting refugees, ensuring that they can provide them with vital social amenities – housing, schools, hospitals,” Hoyer said. .