Dutch government to invest 20 billion euros in economic growth fund

The Dutch government said on Monday it will invest 20 billion euros ($23.6 billion) in education, infrastructure and research and development projects over five years to help strengthen its economy and better shield it from future recessions.

Finance minister Wopke Hoekstra said the government would take advantage of ultra-low interest rates on its bonds to borrow money for the dedicated fund.

“It is clear we have to invest our way out of this crisis,” economy minister Eric Wiebes said. “We need to invest in innovation, the jobs of tomorrow and the transition to a sustainable economy.”