Ammon News - AMMONNEWS - The Board of Directors of the European Investment Bank (EIB) approved EUR 5.1 billion of new loans for 31 projects across Europe and around the world, including Jordan.

EIB statement Wednesday said that the approved loans are expected to be signed in the coming months, noting that the projects will support strategic infrastructure sector in a number of European and Arab countries.

The EIB approved business investment outside Europe include microfinance lending in Jordan, Egypt, Lebanon, Morocco and Tunisia. These investments aim to boost employment-generating activities, the statement added.

"More than half of the new lending approved by the bank board, EUR 2.7 billion, will improve access to finance by small and medium sized businesses across Europe.