The European Investment Bank and COVID-19

We finance companies

that develop COVID-19 treatments and vaccines

to keep people safe from the virus

and save lives.
 

We help governments build hospitals

and buy new equipment

to stop the virus spreading

and to treat infections.
 

We lend money to businesses

so they can keep working

and pay salaries to their employees.

Since COVID-19 emerged,

we have decided to lend 56 billion euros

to companies affected by the crisis.

We created a special fund

of 25 billion euros

to help small businesses in Europe

recover from the crisis.

It is called the European Guarantee Fund.
 

Many companies had to shut during the pandemic.

They could not sell their products.

Their employees could not work from home

because the business was not online.

We work with the World Health Organization

and the European Commission

to prepare

for health emergencies

in the future.
 

If hospitals all around the world have good equipment

and doctors and nurses are trained,

everyone can be safer.
 

We loaned 600 million euros to COVAX.

COVAX will help all countries get vaccines

to stop the spread of COVID-19 worldwide.

We also lend money to poor countries

affected by the pandemic.

They cannot repay the debts they had before the crisis.