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Instituição Financeira de Desenvolvimento

EIB and IFD finance elderly care infrastructure upgrade with €200 mln

5 mins read

The FINANCIAL — The European Investment Bank (EIB) and the Instituição Financeira de Desenvolvimento (IFD) have joined forces to finance a €400 million investment programme aimed at upgrading infrastructure for long-term and elderly care across Portugal, involving approximately 150 projects. The funds will be channelled to third-sector entities already providing services for the elderly in Portugal, in particular in the fields of health, accommodation and social support. The EU bank will provide the IFD with a €200 million loan to be on-lent to financial institutions in Portugal, which will allocate funds to entities promoting the construction, refurbishment and upgrade of…

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EIB and IFD finance elderly care infrastructure upgrade with €200 mln

5 mins read

The FINANCIAL — The European Investment Bank (EIB) and the Instituição Financeira de Desenvolvimento (IFD) have joined forces to finance a €400 million investment programme aimed at upgrading infrastructure for long-term and elderly care across Portugal, involving approximately 150 projects. The funds will be channelled to third-sector entities already providing services for the elderly in…