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Lenders will stay in Eastern Europe

  • 2012-11-14
  • From wire reports
RIGA - International lenders will support Eastern Europe with more than 30 billion euros in the next two years to shield it from the impact of the euro area’s debt crisis, mimicking a plan they implemented in 2009, reports Bloomberg.The European Investment Bank, based in Luxembourg, the Washington-based World Bank and the European Bank for Reconstruction and Development in London on Nov. 8 agreed on an action plan for the region, they said in a joint statement. Under the plan, they will loan to and invest in private and public-sector projects including infrastructure, corporatio...
 
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