Investment loans for Green Projects discussed with European Investment Bank (EIB)

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Investment loans for Green Projects discussed with European Investment Bank (EIB)


Tue, Jul 13, 2021, 11:37 am SL Time, ColomboPage News Desk, Sri Lanka.

Investment loans for Green Projects discussed with European Investment Bank (EIB)

July 13, Colombo: The Embassy of Sri Lanka in Brussels organized a virtual meeting between the officials of the European Investment Bank (EIB) and the Sri Lankan officials on 07 July, 2021.

The Ambassador of Sri Lanka to Belgium, Luxembourg and the European Union Grace Asirwatham and EIB Officials namely, Head of Division – Public Lending Operations in Asia and Pacific Edvardas Bumsteinas, Head of EIB Regional Representation for South Asia Dónal Cannon, and Loan Officer – Public Lending Operations in South Asia Ms. Katrin Bock and Additional Director General (Acting) of Department of External Resources (ERD) Visakha Amarasekera, Dr. M.Z.M. Aazim from Central Bank, Chairman Board of Investment (BOI) Sanjaya Mohottala, and officials from the Foreign Ministry attended the meeting.

The virtual meeting focused on the project proposals in the pipeline for the EIB funding and most importantly on the lending possibilities in the fields of green and sustainable development, clean and sustainable ocean initiatives, investments on green bonds, SME development etc.

The EIB officials while explaining the funding modalities under the Green Concept program of the Bank, indicated their readiness to consider project proposals from Sri Lanka for possible funding by EIB investment loans. The EIB also offered to provide technical expertise and assistance to Sri Lanka in the sphere of investment on Green Bonds.

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