The announcement was made on Sunday by Luís Montenegro after an extraordinary Council of Ministers, but the Development Bank has now detailed its part of the plan regarding financial support, following the devastation caused by Depression Kristin, especially in the centre of the country. The measures involve two financing lines with ...
Depression Kristin: Development Bank forecasts €1.5 billion in support on the ground by 21 February
Sunday, 1 February 2026RSS
Context & Explainers
The Development Bank in Portugal refers to the state-backed development institution, Banco Português de Fomento (Portuguese Development Bank), which provides financing tools, guarantees and co-investment for strategic public-interest projects. In the housing context it can issue guarantees and support loans for construction or refurbishment of affordable homes and for housing cooperatives, so budgeted sums from the bank directly affect affordable housing schemes.
