The European Investment Bank (EIB) has approved €3.7 billion (~$4.42 billion) for business investment, renewable energy, and upgrading hospitals, schools, internet services, and urban infrastructure. Out of the total amount, €2.4 billion (~$2.86 billion) has been approved to strengthen access to finance and economic resilience to COVID-19, €688 million (~$822.02 million) to support solar and wind energy, and €381 million (~$455.21 million) for transport, upgrading hospitals and schools, and sustainable urban investment.