Giorgio Napolitano, President of the Italian Republic and Mr Werner Hoyer, President of the EIB
The President of the Italian Republic, Giorgio Napolitano, welcomed on June 2nd the President of the EIB, Werner Hoyer, and Vice President Dario Scannapieco. The meeting focused on the general economic situation both in Europe and in Italy, the role of the EIB in the recovery plan and the EIB lending activity in Italy. Since the beginning of 2014 the EIB has financed projects totalling some EUR 5 bn, especially concentrated on SMEs, and in projects aimed at tackling youth unemployment.
The European Investment Bank Group, in partnership with the Financial Alliance for Net Zero, convened a high-level exchange with leaders of multilateral development banks and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies.
Ten multilateral development banks (MDBs) active in the water sector have approved global investments totalling $19.6 billion (€17 billion) in 2024. According to the inaugural Joint Annual MDB Water Security Financing Report, launched on the sidelines of the 4th International Conference on Financing for Development in Seville, nearly three-quarters of these funds were earmarked for low-, lower-middle-, and upper-middle-income countries.
In a significant step towards deepening international development cooperation, the European Investment Bank (EIB) and CAF Development Bank of Latin America and the Caribbean signed a memorandum of understanding today during a high-level meeting with Community of Latin American and Caribbean States (CELAC) finance ministers and financial institutions operating in the Latin America and the Caribbean region, in advance of the Fourth International Conference on Financing for Development (FFD4) held in Seville.