EU finance ministers meeting in Luxembourg have welcomed the action plan from European Investment Bank President Calviño to update the definition of dual-use projects and extend EIB credit lines to SMEs and innovative startups in security and defence. The EIB will adapt its policy for lending to the security and defence industry while safeguarding its financing capacity. A task force and a ‘one-stop shop’ will streamline EIB Group processes and speed up investments, with €6 billion earmarked for projects in this sector.

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