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Poland among top cohesion funding beneficiaries in 2022, report says

In 2022, Poland was among the main beneficiaries of the European Investment Bank (EIB)’s lending in cohesion regions, which amounted to 24.8 billion euros, or 45.9 per cent of the EU bank’s lending inside the EU, according to the EIB Group Activity in Cohesion Regions report published on Thursday (20 July).

The EU’s flagship Cohesion Policy aims to address economic and social disparities among its member states, as well as aiding the bloc in responding to other inequalities such as climate adaptation.

Last year, the EIB’s activity in cohesion regions focused on four policy areas. Among them was sustainable energy and natural resources, representing 30 per cent of total EU lending, of which 55 per cent was signed in cohesion regions (8.8 billion euros). This accounted for 36 per cent of lending to cohesion regions, thanks to a significant concentration of large renewable energy and electricity network projects in these regions, the EIB said via a press release.

Another policy area was sustainable cities and regions, making up 27 per cent of total EU lending, of which 53 per cent was signed in cohesion regions (7.8 billion euros) and represented 31 per cent of lending to cohesion regions. Almost 50 per cent of cohesion financing in Poland was allocated under this policy area.

“As regional cohesion suffers from geopolitical uncertainty, the arrival of refugees and energy shock, cities and regions still need to transform to meet the European Union’s climate goals and bridge the digital divide. Innovation is vital to addressing these challenges. The EIB Group provides a wide range of financial and advisory tools in support of these policy objectives which have shown tangible impact,” said Lilyana Pavlova, EIB Vice-President.

More broadly, southern and eastern EU countries, consisting entirely or mainly of cohesion regions, absorbed high financing volumes for projects in sustainable energy and natural resources as well as sustainable cities and regions, the EIB said. In particular, EIB lending to Bulgaria, Lithuania and Poland had a strong focus on sustainable cities, while Croatia and Czechia were among countries with regions in which the sustainable energy and natural resources policy area was dominant.

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