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EIB to help unlock growth potential in northern Albania

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EIB to help unlock growth potential in northern Albania

November 15, 2019
in Albanian News, Business, Economy, Featured, National Security, News
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The European Investment Bank and the Albanian Development Fund have signed on 13 November a €200,000 cooperation agreement for a regional investment programme in northern Albania.

The agreement was signed under the Economic Resilience Initiative, and is part of the approved €3 million technical assistance package in support of the region. The partnership aims to unlock the growth potential of northern Albania and the Adriatic coastline with a focus on environmental issues and tourism development.

The Albanian Development Fund is a national agency with 25 years’ experience in local infrastructure investment across Albania, with significant expertise in translating national policies into investment programmes.

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Since 2000, the EU bank has lent more than €474 million to Albania, supporting transport, health, education, research and development and small and medium businesses. The new initiative is expected to provide a total of €6 billion in extra financing.

Source: New Europe
Tags: AlbaniaAlbanian Development FundEuropean Investment Banktourism development
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