The European Union's Investment Bank is to provide about $US33 million dollars in new lending under a Pacific microfinance facility.
The money is for community and investment projects in various Pacific Islands over the next year.
The Fiji Times reports the European Investment Bank's Pacific vice-president, Pim van Ballekom, made the announcement recently in Suva.
He was highlighting the EU's focus on sustainable growth, jobs and business.
Mr van Ballekom says a wide range of community projects and investment by local entrepreneurs would benefit.
He says the European Investment Bank is working with leading institutions to provide microfinance and to address specific local investment challenges.