Total contributions for the Economic Resilience Initiative (ERI) now close to EUR 130 million; 36 projects approved under the Initiative representing EUR 3.7 billion of financing;
Over 160,000 jobs to be sustained in smaller businesses and midcaps enabled by lending via partner banks;
EIB contributed to ERI with technical assistance and advisory services worth EUR 90 million
11 October 2018, Myrnohrad, Donetsk region – Today, the surgical unit at Myrnohrad City Central Hospital was officially reopened after renovations funded by a European Investment Bank (EIB) loan and with technical support from the United Nations Development Programme (UNDP). Now the unit can serve 11,000 patients a year.
This is the first of hundreds of social infrastructure facilities that are being repaired under the EIBfinanced Ukraine Early Recovery Programme in eastern Ukraine.
- EUR 36.4 million loan from the European Investment Bank (EIB) for the second phase of the Lower Usuthu Smallholder Irrigation Project.
An increase of nearly 30 per cent on the previous year, boosting projects that help developing countries cut emissions and address climate risks.
WASHINGTON, June 13, 2018 – Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 per cent on the previous year.
Sept banques multilatérales de développement (BMD) ont lancé une nouvelle plateforme en vue de renforcer leur collaboration dans le cadre des migrations économiques et des déplacements forcés. Lancée en marge des réunions de printemps du Fonds monétaire international (FMI) et du Groupe de la Banque mondiale, cette plateforme a pour but d’appuyer le dialogue stratégique et la coordination opérationnelle des BMD afin de maximiser l’impact de leur engagement croissant dans ces deux domaines.
WASHINGTON, April 20, 2018 – Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the impact of MDBs’ growing engagement in these two areas.
• EUR 7.1 million technical assistance grant to help Gaza Desalination Programme enter implementation phase
• Seawater desalination programme will provide clean water for more than 2 million people in Gaza, as well as bringing environmental and economic benefits
• EU bank’s contribution is part of the Economic Resilience Initiative
- Today’s vote gives the green light to the EU Bank for an extra 3.7 billion euros in support of the Bank’s Economic Resilience Initiative to target migration in the EU’s Southern Neighborhood and the Western Balkans.
- It allows for an increase in financing for Europe’s Eastern Partnership countries, including Ukraine
The European Investment Bank (EIB) has signed a EUR 102.5 million (ZMK 11,5 billion) concessional loan with the Zambian Ministry of Finance and the Lusaka Water & Sewerage Company (LWSC) in support of local sanitation infrastructure in the Zambian capital.
The European Investment Bank (EIB) and the Caribbean Development Bank (CDB) have set up an emergency post-disaster reconstruction financing initiative to help the Region recover from recent hurricane events.
Seven Multilateral Development Banks (MDBs) announced a new coordination platform on economic migration and forced displacement today in a meeting with G7 officials at the World Bank Annual Meetings, to advance strategic priorities, including improving data and evidence and strengthening technical assistance to maximize the impact of projects supported by MDBs.
This sixth edition of the Joint Report on Multilateral Development Banks’ Climate Finance provides an overview of financing committed by the African Development Bank (AfDB), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Inter-American Development Bank Group (IDBG), and the World Bank Group (WBG), to climate change mitigation and adaptation projects and activities in 2016.
The European Investment Bank has signed a EUR 20.5 million loan agreement with the Malawian Ministry of Finance in support of the Northern Regional Water Board.
The European Investment Bank (EIB) has signed the “Lebanon Private Sector Support” project, a line of credit in a combined amount of EUR 265 million to support projects conducted by small- and medium- sized enterprises (SMEs) and mid-cap companies in Lebanon. This facility represents one of the first operations under EIB’s “Economic Resilience Initiative (ERI), which aims to contribute to the sustainable growth of the Lebanese economy and support its resilience in the context of the refugee crisis in the wider region.
En marge des Journées Européennes du Développement, Dr. Boubou CISSE, Ministre de l'Economie et des Finances de la République du Mali et Ambroise FAYOLLE, Vice-Président de la Banque européenne d’investissement (BEI) ont signé un contrat de financement de 50 millions d’euros pour développer le réseau d’alimentation en eau potable et d’assainissement de la ville de Bamako.
On the sidelines of the European Development Days, Dr Boubou Cissé, Minister of the Economy and Finance of the Republic of Mali, and Ambroise Fayolle, Vice-President of the European Investment Bank (EIB), signed a EUR 50 million agreement to finance development of the drinking water supply and sanitation network of the city of Bamako. This loan will support the Water and Sanitation Programme implemented by the Malian authorities, which is fully in line with the Millennium Development Goals (MDGs).
Investing for Impact: EIB President Werner Hoyer signs declaration of support for new European Consensus on Development as report on EIB development impact is published
The European Investment Bank (EIB) and Caribbean Development Bank (CDB) have signed a USD 110 million financing agreement to support investment projects in the Caribbean under CDB’s climate action policy. The Climate Action Framework Loan II builds on the USD 65 million Climate Action Line of Credit (CALC) signed between EIB and CDB in 2011, and which supports nine projects in seven countries across the Caribbean. The EUR 100 million climate action initiative is the EIB’s biggest loan to the Caribbean.
The European Investment Bank will provide EUR 50 million to support improvement and expansion of sewage networks across the Sri Lankan capital Colombo. The new loan will help Colombo Municipal Council to achieve its goal of providing full sanitation coverage to benefit people living and working in the greater Colombo area. The new EIB loan is European Investment Bank’s first ever support for water investment in Sri Lanka and the first loan for public sector investment agreed with the new post civil-war government.
The staff of the EIB Group (European Investment Bank and the European Investment Fund) and the EIB have rallied together to aid Haiti in the wake of Hurricane Matthew, collecting a total of EUR 250,000 which was transferred symbolically on Tuesday to the representatives of six NGOs working in Haiti.