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EIB Poised to Seal Major Defense Pact With Indra After Raising Financing Cap to €100 Billion

This move aims to bolster European strategic autonomy by increasing investments in defense infrastructure alongside major energy projects.

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Overview

  • EIB President Nadia Calviño said the bank is finalizing a financing agreement with Spanish technology company Indra to support upcoming security and defense projects.
  • EU finance ministers approved raising the EIB’s financing ceiling to €100 billion for 2025, marking the highest limit in the bank’s history.
  • The bank has earmarked €3.5 billion for defense investments this year, more than triple the amount allocated in 2024.
  • Over €11 billion will be mobilized toward upgrading Europe’s electric grids and expanding energy storage capacity.
  • The EIB currently oversees around 80 strategic autonomy projects, 32 of which have been designated as emblematic.