The European Investment Bank (EIB), the long-term financing institution of the European Union (EU), has advanced jointly to Banco Central Hispanoamericano (BCH) and Hispamer Banco Financiero a global loan for ESP 20 billion (ECU 119 million)(1) for financing small and medium-scale projects undertaken by private enterprises and public bodies (mainly local authorities).
This is a multipurpose loan geared to financing ventures meeting one of the following EU objectives: increased productivity and competitiveness of SMEs; more efficient use of energy and development or diversification of energy sources; environmental protection and reduction of pollution; investment in small and medium-scale infrastructure; and promotion of health, education and housing schemes, the [...]