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Thursday, 29 January 2015

The EIB and the CPA: Luxembourg wins Microfinance Award

TheFinance Minister, Pierre Gramegna, Minister for Cooperation and Humanitarian Action, Romain Schneider and the President of the European Investment Bank,Werner Hoyer, signed a memorandum of understanding between the Luxembourg Stateand the EIB. As part of this agreement, the fourth of its kind between the Bankand Luxembourg, 3.6 million EUR subsidies will be available to supportmicrofinance institutions in the African, Caribbean and the Pacific, includingthose affected by the Ebola outbreak. As part of the previous three MoUs, morethan 8 million Euros that went to support 25 microfinance projects in 17countries.

Source: gouvernement.lu