Overview

• Calviño announced the EIB will more than double its initial €2 billion security and defense allocation for 2025.
• The bank’s remit now includes purely military infrastructure and technology projects in a complementary capacity to national defense bodies and EU institutions.
• Calviño plans to propose an increase to the EIB’s total financing balance at the June 20–21 Board of Governors meeting to unlock additional funding for key areas.
• This financing strategy reinforces EU strategic priorities by boosting autonomy in defense and reducing dependence on external jurisdictions.
• The EIB is poised to sign loan terms imminently for the Spain-France undersea interconnector, a project key to European energy integration and decarbonization.