Definitions
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Etymologies
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Examples
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Of 1995 lending within the EU, the bank lent 12. 1-billion Ecus for development of poorer regions, while 6-billion Ecus went to environmental projects, the EIB reported.
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The bank has already approved 7. 6-billion Ecus for such projects, Unwin said.
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The bank also reported 1-billion Ecus in loans to 10 East
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The 2. 8-billion Ecus loaned outside the EU represented a 25 percent climb over 1994, it said.
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In addition, the bank made its first-ever loan to South Africa, worth 45-million Ecus, it said.
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The EU, South Africa's most important trading partner, already has a separate aid programme with the EU which amounted to 110 million Ecus ($139 million) in 1994.
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EU foreign ministers gave the Commission a mandate on Monday to negotiate a bilateral trade accord with Pretoria, and also set a possible funding figure, 500 million Ecus ($650 million) over the next four years.
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The EU has already agreed to give 125 million Ecus ($159 million) this year for a reconstruction and development programme for South Africa.
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The Commission's original offer of 400 million Ecus ($485 million) was effectively worth around 260 million Ecus ($315 million) on the basis of current trade flows, diplomats said.
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France, Italy, Belgium and Portugal had wanted to cut it to an effective 120 million Ecus ($145 million).
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