The EIB is determined to support the EU’s Western Balkans strategy by stepping up financing and advice for the region. The EIB Group is already one of the region’s biggest public financiers, providing more than EUR 7bn since 2007 in close cooperation with the EU and other financial institutions.
European Investment Bank Vice-President Alexander Stubb led the EIB’s participation in the second conference on “Supporting the future of Syria and the region” in Brussels on 24 and 25 April 2018. The conference, co-chaired by Federica Mogherini, High Representative of the EU for Foreign Affairs and Security Policy, and Mark Lowcock, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief, also saw 85 high level delegations from the EU Member States, countries of the region, third countries and international organisations participating.
Il s’agit du premier financement direct de la BEI dédié au secteur de l’eau dans le cadre du Plan Juncker en France. Les performances de la future station d’épuration permettront de couvrir les besoins d’une population croissante, jusqu’à 500 000 habitants, tout en s’inscrivant pleinement dans l’économie circulaire avec une valorisation du biogaz produit à partir des résidus de traitement de l’eau et un recyclage de l’intégralité des boues résiduelles à travers une filière de compostage.
The EIB and Finnish care facilities provider Hoivatilat have agreed on EUR 50 million long-term financing. The first loan of EUR 30 million has now been signed which will support Hoivatilat’s investment initiatives over the 2018-2019 period, during which it aims to build 58 new care facilities. At project completion it is expected that a total of nearly 2700 additional care places would be available across Finland.
The EIB Group, formed by the EIB and EIF, have granted BBVA a EUR 98 million guarantee, on a mezzanine tranche of a EUR 1.95 billion portfolio, that will enable the provision of up to EUR 600 million to finance new investment projects of small Spanish businesses. This is the second mezzanine guarantee operation in a synthetic SME securitisation in which the EIB and EIF are jointly participating in Spain. The agreement was made possible by the support of the European Fund for Strategic Investments (EFSI).
The Inter-American Development Bank (IDB), its private sector entity IDB Invest, and the EIB have formally expanded their partnership through a new Memorandum of Understanding (MOU), which was signed in Washington DC by IDB President Luis Alberto Moreno and EIB President Werner Hoyer. This renewed collaboration reflects the partners’ commitment to advance development in Latin America and the Caribbean (LAC) through blended finance, co-financing, and knowledge sharing.
During the World Bank-IMF Spring Meetings in Washington, DC, on April 20, Werner Hoyer, President of the EIB, acting on behalf of the Global Emerging Markets (GEMs) Risk Database Consortium, and Joaquim Levy the Managing Director and Chief Financial Officer of the World Bank signed a membership agreement, making the IBRD the nineteenth member of the Consortium.
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.
The President of the Republic of Niger today laid the foundation stone for the construction of the fourth drinking water treatment channel at the Goudel plant in Niamey. This plant is part of the project to strengthen Niamey's drinking water supply system, financed by the Agence Française de Développement (AFD), the EIB, FINEXPO and the Netherlands for a total of EUR 74.46m. The EIB is providing EUR 21m in financing for this project.
The EIB has today announced on the margins of the IMF/World Bank Group Spring Meetings plans for a new debt product: a Sustainability Awareness Bond, highlighting the Bank’s key role in sustainable finance both in and outside of Europe.