Vice-President Fayolle's areas of oversight include financing of environment, climate action and the circular economy, the European Fund for Strategic Investments (EFSI) (until end-2020), development (policy and horizontal issues, jointly with Vice-President Östros), financing operations in France, Germany, the ACP countries (Africa and the Pacific – except the Caribbean States and the Community of Latin American and Caribbean States (CELAC), jointly with Vice-President Östros), OCTs and South Africa. Vice-President Fayolle also oversees the relations with international financial institutions, coordination with multilateral development banks (MDBs), the relations with the International Monetary Fund (IMF), the World Bank (WB) and the European Central Bank (ECB).
City Climate Finance Gap Fund approves support for six cities
The City Climate Finance Gap Fund (Gap Fund) announced today the second round of cities that will receive free technical assistance to prepare bankable urban climate projects. The cities are located in Montenegro, Ecuador, South Africa, Vanuatu, Mexico and Ukraine. The projects include greening urban spaces, energy efficiency, renewable energy, sustainable mobility, and waste and water management. This follows a first batch of technical assistance grants from the World Bank in April this year, totalling $1.8 million, to help nine cities transform their climate ambitions into finance-ready projects.