In March, the European Union announced a €750 billion ($887.8bn) recovery package expected to begin early next year. The debt-raising will make the EU a more prominent supranational player in the market amid speculation over what portion may reference sustainable and ESG (environmental, social and governance) investment, a strategy that is dominating discussions across the financial industry. We speak with Eila Kreivi, head of Capital Markets at the European Investment Bank, about the recovery package and its implications, and tap into comments made by global asset managers at a recent event.
EIB’s Eila Kreivi on the EU’s COVID-19 fundraise and its implications for ESG
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