During his keynote address at PRI in Person, held in Paris on 11 September, President Hoyer presented the European Investment Bank’s commitments for climate action and environmental sustainability. He also pointed the key role the EIB can play with regard to redirecting private finance towards sustainable investments.
Development Banks committed $19.6 billion to water projects in 2024
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.