Tackling global challenges together
“We all need to raise our game and inject new rigour and effectiveness into the way we operate together.
We must be prepared to abandon some of our long-held preconceptions about development.”
Werner Hoyer, President of the EIB
As the EU bank, the European Investment Bank acts as a powerful multiplier of the European Union external action. In 2016, 10% of our financing, EUR 8 billion, went to thousands of projects outside the EU. The bank helps the EU meet its objectives globally including to deliver the Sustainable Development Goals and the Paris climate agreement.
At the EIB we believe that the need for multilateral action and effective support of development
and growth outside Europe has never been greater. Through our projects we aim at creating jobs and opportunity, a clean planet and a better quality of life for all of us.
What would you do with EUR 2500? Bushra al-Obaidi made a new life. Struggling to put food on the table for her family, she took a loan from the Microfund for Women and created a thriving handicraft shop in the centre of Amman, the Jordanian capital.
EIB President Werner Hoyer urges the heads of multilateral development institutions to meet and reaffirm their commitment to climate action
“The EIB Group has already invested in some 130 countries around the world, contributing to the achievement of the UN Sustainable Development Goals, in the process. Our engagement outside the EU also propagates the Union’s values and inspires others – in the private sector, but also other countries around the world – to follow suit.”
The EIB’s Economic Resilience Initiative aims to support economic resilience in the Southern Neighbourhood and the Western Balkans by upgrading and developing social and economic infrastructure and stimulating growth and job creation.
Boost Africa, a joint initiative between the African Development Bank and the European Investment Bank, seeks to harness the continent’s potential and create opportunity for entrepreneurs on the ground.
The United Nations Development Programme (UNDP) and the European Investment Bank (EIB) signed a Memorandum of Understanding aimed at boosting collaboration toward achieving the new Sustainable Development Goals by 2030.
In the media
As the bank of the European Union, the EIB started its work in Africa back in 1963 and since then a lot has changed. Supporting Africa’s increasingly prevalent mobile infrastructure and digital connectivity is crucial to help build networks and strengthen links.
Speaking at the 2017 Spring meetings, EIB President Werner Hoyer says in this Devex video interview: “We will never be able to reach our climate goals or the sustainable development goals if we do not mobilise more private funds.”
EIB Vice-President Ambroise Fayolle explains in this interview with La Tribune (available in French) the bank’s engagement and priorities in Africa, a continent close to his heart. “We are ready to take more risks in Africa,” he says.
EIB is backing Devex’s Going for Goals campaign - Join the conversation
The EU bank in collaboration with partner institutions is ensuring climate considerations are mainstreamed into everything we do from our projects to the running of our organisation.
Institutions and MDBs across the globe have pledged to integrate gender equality into every aspect of the way they operate, the EIB is one of these.
The EIB is already delivering on sustainable and innovative infrastructure. With MDB partners we can achieve even more!