EIB Group in Poland in 2020: strong support for COVID-19 response and for green recovery

In a year heavily marked by the COVID-19 pandemic, the EIB Group confirmed its strong support to the Polish economy, providing €5.2 billion of overall financing to the country’s public and private sectors. Volumes delivered in 2020 were largely in line with the trend of the previous years, a sign that the country responded swiftly to the pandemic and continued to invest in the future despite the forced downturn.

Loans granted by the European Investment Bank (EIB) amounted to €4.6 billion, while the European Investment Fund (EIF) provided €660 million in guarantees and equity investments to small and medium-sized businesses and mid-caps. In absolute terms, Poland was the fifth biggest recipient of EIB Group financing among the 27 EU Member States after Italy, France, Spain and Germany.

This overall financing represents around 1% of Poland’s GDP, making the country the first recipient of EIB Group financing on a “per GDP basis” among the 15 largest EU economies.