Can money keep pace with Europe’s defence ambitions? Interview with European Investment Bank chief Nadia Calviño
In an interview with the European Newsroom (enr), the President of the European Investment Bank (EIB), Nadia Calviño, told journalists that the bank is on track to meet and possibly exceed this year’s target of allocating 5 percent of its EU financing to security and defence. According to the EIB, this amounts to around €4.5 billion.
According to EIB figures, the world’s largest multilateral development bank already quadrupled its financing for security and defence projects last year to €4 billion, reflecting Europe’s response to an increasingly volatile geopolitical environment.
The enr spoke with Calviño on the sidelines of the EIB’s annual Board of Governors meeting, as well as a meeting of EU ministers responsible for economic affairs, finance and the EU budget , in Luxembourg on Friday.
The interview was conducted by journalists from European Newsroom partner agencies dpa Deutsche Presse-Agentur GmbH and ANSA on behalf of the entire network.
Read some of their coverage here:
dpa (Germany): EU development bank continues to expand defence investment
ANSA (Italy): Calvino (EIB), ‘on track to exceed 5% target for defense financing’
