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- European Investment Bank
- Communication Department
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- Luxemburg
Barbados has successfully completed an unprecedented debt-for climate operation to finance water and sewage projects resilient to climate change. Through support from its international funding partners, Barbados replaced outstanding, more expensive debt with more affordable financing, generating US$125 million in fiscal savings which will be used to enhance water resource management and increase water and food security.
The European Investment Bank (EIB) is lending €400 million to Czech energy supplier ČEZ to upgrade and expand its electricity-distribution system across the country. The EIB credit will improve energy services and green power supply in the Czech Republic.
The European Investment Bank (EIB) is lending €350 million to Czech bank Ceskoslovenska Obchodni Banka (CSOB) to expand green and other financing for a range of businesses in the country. Thanks to this cooperation CSOB and its leasing unit will offer financing on favourable terms, helping SMEs and Mid-Caps to diversify their funding sources and improve their financial viability. Part of the funds will be allocated for climate action and environmental sustainability.