A group of three international development banks on Thursday announced investment of more than 30 billion euros ($38 billion) to boost economic growth in central and southeastern Europe over the period 2013-14.
The World Bank, European Investment Bank and European Bank for Reconstruction and Development said in a statement that the investment was “a direct response to the continuing impact of eurozone problems on the economies of emerging Europe.”
“The European Investment Bank Group (EIB Group), the World Bank Group and the European Bank for Reconstruction and Development (EBRD), have today agreed on a new joint action plan, aimed at supporting economic recovery and growth in central and southeastern Europe,” the statement said.
“The action plan, a direct response to the continuing impact of eurozone problems on the economies of emerging Europe, includes more than 30 billion euros of joint commitments for the period 2013-2014.”
Development banks launch 30-bn-euro E. Europe plan
