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.
Ce jour a été l’occasion pour le Président de la République du Niger de procéder à la pose de la première pierre des travaux de construction de la 4ème filière de traitement d’eau potable de l’usine de Goudel à Niamey. Cette usine s’inscrit dans le projet de renforcement du système d’alimentation en eau potable de la ville de Niamey, financé par l’Agence Française de Développement (AFD), la Banque européenne d’investissement (BEI), FINEXPO, et le Royaume des Pays-Bas pour un montant global de 74,46 millions d’euros. La BEI finance le projet à hauteur de 21 millions d’euros.
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.
Today, the EIB and the International Monetary Fund (IMF), signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa.
Speaking at the joint EIB-Bertelsmann Foundation ‘Tackling the Root Cause of Migration: Europe’s Strategy for Economic Resilience’ event in Washington DC, on the margins of the IMF/World Bank Group Spring meetings, EIB President Werner Hoyer called for effective multilateralism and outlined the Bank’s role in addressing the challenges related to the migration crisis.
A record number of deals shows that the EIB is supporting the smaller companies and start-ups that will boost growth and jobs for decades, in addition to its traditional business with large entities, according to the EU bank’s Activity Report 2017, released today.