EIB, World Bank To Help Bulgaria Implement EU Projects

EIB, World Bank To Help Bulgaria Implement EU Projects

The Bulgarian government and the European Investment Bank (EIB) signed a memorandum of understanding on technical assistance to support the implementation of EU projects in the country, co-funded by the lender.

Bulgaria has signed a similar memorandum of understanding (MoU) with the World Bank, the EIB said in a statement.

Thе agreement with the EIB follows a similar MoU providing implementation support for pre-accession projects and will focus on increasing both the speed and quality of absorption of EU structural funds via assistance with project management and implementation.

The EIB will provide support for priority projects to be financed in the 2007-2013 programming period and help to develop the strategy for identifying and selecting projects to be financed in the upcoming 2014-2020 programming period in line with its mandate, the relevant EU regulations and in coordination with its partner, the EU Commission, and with the EU's initiative Joint Assistance to Support Projects in the European Regions (JASPERS).

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