EU development bank on track to expand defence financing

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EU development bank on track to expand defence financing

Luxembourg (enr) – The European Investment Bank (EIB) is on course to meet, and potentially exceed, its target of allocating five percent of its financing in the European Union to security and defence projects this year, EIB President Nadia Calviño said. That would amount to around 4.5 billion euros, according to the EU’s lending arm. “Tt’s clear that we need more investment in the area of security and defence in Europe,” Calviño told members of…