Enrico Possenti
- European Investment Bank
- Communication Department
- 98-100, boulevard Konrad Adenauer
- L-2950 Luxembourg
European Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevičius, name and last name of the person representing Ecuador, Head of the Latin America and Caribbean Public Sector Division of the European Investment Bank Kristin Lang, and Chief Executive Officer of Empresa Pública Estratégica Corporación Eléctrica del Ecuador Paúl Urgilés, today signed a $125 million loan in Quito to improve power supply security in Ecuador and Peru and optimise market cost structures, while fostering regional power trade.
European Investment Bank (EIB) Vice-President Ambroise Fayolle and President of the Brazilian Development Bank (BNDES) Aloizio Mercadante signed a memorandum of understanding today at COP28 in Dubai, to explore co-financing opportunities in the renewable energy, environment and social sectors in Brazil, including in the Amazon region. The memorandum of understanding will strengthen coordination between the two institutions to promote joint activities and ensure that their work is complementary and cohesive. EIB and BNDES are also discussing a possible credit line of up to €300 million with a focus on the water and sewerage sectors.
The coalition of development finance institutions and multilateral organisations making up the Global Green Bond Initiative (the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), Italy’s Cassa Depositi e Prestiti, the Spanish Agency for International Development Cooperation (AECID), Germany’s KfW development bank, PROPARCO of the AFD Group, acting as a consortium of European development finance institutions and the Green Climate Fund (GCF)), today launched a strategic partnership with the Inter-American Development Bank (IDB) and IDB Invest to cooperate on technical assistance for promoting green bond markets in Latin America and the Caribbean, at an event attended by representatives of the European Commission. The declaration was signed in Cartagena, Colombia, at the Finance in Common Summit, held from 4 to 6 September.