Europe - International Herald Tribune
"EU debates more room for global lending by European Investment Bank
LUXEMBOURG European Union nations on Tuesday debated an increase of as much as 50 percent in the European Investment Bank's lending to non-EU countries — an idea opposed by some who say the agency that extends soft loans for projects in poor nations should stay closer to home.
The EIB's current seven-year lending cycle — that has a ceiling of €20.7 billion (US$26 billion) for lending to countries outside the European Union — expires at the end of the year. "
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