The European Union intends to provide EUR 3.7bn in bonuses to address migration issues.
The EU Council said on Friday that it had agreed to allocate € 3.7 billion to help the European Investment Bank (EIB) increase its loans to migration projects outside the Union.
According to the information, the allocated amount is intended to provide a strategic response to the root causes of migration and to meet the long-term economic needs of refugees and immigrants as well as recipients and transit countries.
The financing limit of the EU guarantee framework by the agreement increases by EUR 5.3 billion. Thanks to a further guarantee of public and private lending, the agreement will enable the EIB to be able to quickly contribute to the EU’s external investment plans.
Source: MTI / Picture: pestisracok.hu /