Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-06-Speech-4-943"
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"en.20100506.23.4-943"2
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The EIB has seen its role expand in 2008 as a result of the financial crisis. Against the backdrop of a liquidity crisis, the EIB has continued to grant loans to the public and private sectors for projects of European interest, using the financial markets and own resources. In addition to stimulating the national economies, the EU also took a decision concerning the European Economic Recovery Plan, assigning an important role to the EIB, especially with regard to the enhanced financing for SMEs, energy from renewable sources and clean transport. As a response to the crisis, the EIB has significantly revised upwards its targets: in order to help businesses and to encourage economic recovery, the EIB has substantially increased the volume of its lending, disbursing EUR 10 billion more than expected. In particular, loans to SMEs have increased by 42%. Furthermore, the Bank has developed new risk-sharing financial instruments, simplified lending procedures and accelerated the implementation of projects in the Member States and in the sectors that are most severely affected by the crisis. The report stresses the positive effects of these measures, while at the same time calls for a thorough follow-up of the real effects of the support programmes provided for SMEs."@en1
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