European Commission announces €200 million in funding for the Neighbourhood Investment Facility

The European Commission today announces €200 million for the Neighbourhood Investment Facility. The money will allow the mobilisation of €2 billion in investments for critical infrastructure covering transport, energy and environment, as well as the development of social and private sectors in neighbourhood partner countries east and south of the EU's borders. Johannes Hahn Commissioner for European Neighbourhood Policy and Enlargement Negotiations said: "Economic and social development is at the heart of the EU's support to help stabilise countries in our Neighbourhood. This funding will help partner countries carry out essential investments which would otherwise be postponed due to lack of resources at the risk of hampering economic development. It demonstrates the EU's continued commitment to accelerate investment and support inclusive development across the region, which in turn improves resilience of countries and also addresses root causes of migration". A press release is available online here.