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Bank boost
IN 2022, the European Investment Bank (EIB) poured €72.5 billion into various projects around the world, with Spain receiving a significant chunk of that funding.
The country was awarded €9.961 billion, making it the secondhighest recipient of loans from the EIB, just behind Italy, which received €10.090 billion. France came third with €9.960 billion in funding.The data released on Thursday, March 9 revealed that Spain’s investment from the EIB represented 0.76 per cent of the country’s GDP in 2022.
Spain accounted for oneseventh of the EIB’s total loans, a significant achievement. Over half of the bank’s loans to Spanish projects have been allocated to support climate action and environmental sustainability.
A recordbreaking €5.182 billion was assigned to four key areas of action including sustainable cities and regions and small and mediumsized enterprises (SMEs).
Around €2.485 billion in funding was allocated to Spanish SMEs.
