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The EIB - the EU bank
The EIB - the EU bank
 
October 2015     

EIB to set new 35% target for climate lending in developing countries

The EIB aims to significantly increase the proportion of lending supporting climate related investment from 25% to 35% in developing countries. Addressing a meeting of finance ministers and multilateral development banks, at the IMF - World Bank annual meetings in Lima, President Hoyer said that the Bank expected to increase climate lending in developing countries identified by the UNFCCC and OECD.

Project Highlight
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The EIB will provide well over USD 110 billion for climate action projects around the world over the next 5 years. We must do all we can to unlock new investment in countries especially vulnerable to climate change, including those with low-lying coastal areas and regions exposed to desertification, drought, and flooding."

Werner Hoyer, President of the European Investment Bank

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Top news

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EIB supports research and development in Poland with almost EUR 1 billion
 



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