According to the bank website, the project involves "financing of the aid fund created by the Polish Government and managed by Poland's National Promotional Bank to provide assistance to refugees from Ukraine."

The operation supports the efforts of Poland aimed at responding to the Ukrainian conflict and the current refugee crisis. In particular, the operation is expected to support investments in social infrastructure related to the adoption of the Temporary Protection Directive, which was triggered for the first time by the European Council to offer quick and effective assistance to people fleeing the war in Ukraine. In addition to this, the operation supports the achievement of most UN Sustainable Development Goals but particularly "Ensuring access for all to adequate, safe, and affordable housing and basic services."
The operation is expected to be in line with the provisions of the 2020 New Leipzig Charter, the EU Urban Agenda, the 2022 Nice Declaration, the EU Energy Performance of Building Directive and the EU Green Deal. In addition, the operation is aligned with the EIB Urban Lending Review, the EIB Transport Lending Policy, the Bank's new Energy Lending Policy as well as the EIB Group Climate Bank Roadmap 2021-2025.
The operation is expected to result in climate action benefits, including mitigation, adaptation and environmental sustainability components.
It is expected that most of the underlying operations will be located in less-developed regions, therefore falling under the EIB's Cohesion priority regions objective and contributing to the EU Public Policy Goal of Economic and Social Cohesion.
The operation is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest.

Project contacts not provided at the time of disclosure.

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