EIB Global, the European Investment Bank (EIB) arm devoted to activities outside the European Union, has unlocked €76 million to modernise further Serbia’s education and sustainable transport infrastructure. This includes a €40 million loan to build, renovate and equip educational facilities across the country. Most investments will be made in regional training centres offering upper secondary vocational training and education. These infrastructure improvements will provide modern learning conditions and improve the quality of education while also increasing productivity and employability in the country.

In the education sector, the EIB and the Republic of Serbia also signed an additional €5 million for the Connected Schools Project on top of the €65 million loan signed in 2020 to help bring new digital skills and equipment to over 1 500 Serbian schools.

Finally, following a €100 million loan signed in 2018, the Bank unlocked another €31 million to improve waterway navigation along the Sava and Danube rivers, to make river transport in Serbia and the region safer and more efficient.