European Investment Bank Expands Funding for Defense and Security Projects Across EU
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The European Investment Bank has relaxed its funding rules since 2024 to allow greater investment in defense and security projects across the European Union. The EU's financial arm plans to allocate 5 percent of its total project funding specifically to defense and security initiatives within the 27-member bloc. This policy shift represents a significant expansion of the bank's mandate, which traditionally focused on civilian infrastructure and development projects. The move reflects the EU's growing emphasis on strategic autonomy and defense capabilities amid heightened security concerns across Europe.