EIB President and fellow Multilateral Development Bank leaders issue pledge to deliver on the 2030 Agenda in Washington
9 October 2016
EIB President Werner Hoyer has joined his counterparts at the African Development Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank Group, the International Finance Corporation, the Islamic Development Bank, the New Development Bank, the World Bank, and the International Monetary Fund - to pledge delivery of the 2030 Agenda for Sustainable Development in a joint statement.
Thestatement expresses resolve to meet "some of the most ambitious global commitments ever made—commitments that are critical to improving lives and protecting the planet."
It addresses the fulfillment of the Sustainable Development Goals, the implementation of the Paris Agreement and the challenge of the forced displacement crisis : "Meeting the SDGs will require building a financing framework that channels more resources from more sources, particularly the private sector. This requires enhancing existing partnerships and building new ones with the private sector—including institutional investors—to mobilize financing for development... Going forward, we will redouble our efforts to scale-up financing for development as well as the capacity to achieve the SDGs by leveraging, mobilizing, and catalyzing resources at all levels."
The statement commits to "joint climate action partnership aimed at developing a more collaborative and coherent approach, within our respective institutional mandates, to working with countries to implement their NDCs and develop their adaptive capacities.We will focus on scaling up low-carbon and climate-resilient investments for sustainable infrastructure...".
Forced displacement, says the leaders' statement, "poses a significant challenge to progress on the SDGs."
It asserts that the leaders have "committed to work together on a new humanitarian-development partnership. Concessional financing and support for building institutional capacity for fragile and conflict-affected states are as important as ever. Additionally, we are working to bridge the gap between humanitarian and development assistance by ensuring support to countries hosting large numbers of refugees. Two new facilities are helping to do this: the World Bank’s Global Concessional Financing Facility, part of its Global Crisis Response Platform, and the European Investment Bank’s new Resilience Initiative for EU’s Southern Neighborhood and Western Balkans. Those complement other efforts already in place, such as IDB’s Alliance for Prosperity Plan in the Northern Triangle."
A year after the catastrophic port explosion in Beirut, where more than 200 people died and thousands more were wounded, EIB President Werner Hoyer participated in a conference co-chaired by France and the United Nations to support the population of Lebanon.
By 2050, the European Union is meant to achieve climate neutrality, or net zero greenhouse gas emissions. Clean hydrogen can be a key factor in reducing emissions in the transport sector and in industry, becoming a green energy source for these difficult areas of the economy. According to forecasts, hydrogen technologies will be viable within 5 to 10 years. An advisory agreement signed between the European Investment Bank (EIB) and the Polish Cluster of Hydrogen Technologies will support the roll-out of clean hydrogen technologies in the country.