Supporting Europe’s mission to tackle inequality around the world: the EU Bank at European Development Days #edd19
14 June 2019
New financing for transformative projects to be announced at #edd19
EIB will give the floor to partners and projects enhancing economic and social inclusion around the world
Key debate on the impact on communities of investment to clean up the oceans on 18 June at 17:00
Partners and project beneficiaries from around the world will join experts and senior representatives from the European Investment Bank this year at the European Development Days (EDD) organised by the European Commission on June 18 and 19, to reflect on how to better address inequality and create opportunity for the most marginalised and vulnerable communities. The EIB delegation will host and participate in a series of debates to explore solutions to further boost inclusive and sustainable growth.
The EIB is a global actor. In addition to its activities inside the European Union, the EU bank supports EU policy objectives and contributes to the UN Sustainable Development Goals (SDGs) through investment in some 160 countries. The bank is currently delivering around EUR 7-8 billion per year in financing outside the European Union. This goes to projects aiming at addressing inequality through climate action, resilience, connectivity, rural development, female economic empowerment and sustainable growth.
Ahead of the event, Ambroise Fayolle, EIB Vice-President in charge of Development, said: “As the EU Bank, we are stepping up our efforts to reduce poverty and inequality around the world through strategic investment which aims at the highest possible impact on people’s lives. We are scrupulous about making sure the financing we provide is used wisely and helps maximise the EU’s impact and influence, including through its new External Investment Plan. That’s why we are working closely with European bilateral agencies, the European Commission and the European External Action Service, as well as other multilateral development banks and local partners, in order to coordinate and enhance our development efforts. ”
The EIB will hold a number of policy sessions and project presentations at its special stand 94where beneficiaries and experts will be available for interview.
EIB senior representatives, experts, project partners and beneficiaries available for interview at EDDs – see press contacts
Luca Lazzaroli, EIB Director General, Deputy Head of Operations
Maria Shaw Barragan, EIB Director of Global Partners Department
Angela Marcarino Paris, EIB Head of the Asia and Pacific - Public Sector Division
Catherine Collin, EIB Head of Regional Representation East Africa
Eleni Kyrou, Head of EIB Representation to Ethiopia and the African Union
Diederick Zambon, EIB Head of Public Sector Lending for Infrastructure projects in Sub-Saharan Africa
Sunita Lukkhoo, EIB Loan Officer responsible for the Cambodia water project
Vanndy Hem, Under-Secretary of State from the Ministry of Economy and Finance Cambodia
Sim Sitha, Director General Phnom Penh Water Supply Authority, Cambodia
Samson Sithole, CEO Climate Adaption, Agricultural Development, Rural from Eswatini Water and Agricultural Development Enterprise
Yonas Maru, Founder & Managing Director of Bandwidth&Cloudservices Group (BCS-Group)
Tatiana Pereira, Co-Founder & Coach of Idealab, a Mozambican social enterprise focused on SME´s development and promotion of female entrepreneurship
The EIB at #edd19: highlights and events
The full schedule of EIB participation at #EDD19 is available here:
Join the conversation with EIB experts, partners and beneficiaries LIVE on our social media channels at #edd2019 #ThinkTwice - Tackling inequality through strategic investment. Send your questions and comments!
The EIB and Borealis have successfully closed a benchmark financing agreement that supports the Borealis research, development and innovation (RDI) programme in the circular economy sphere. The EIB will provide a €250 million loan supporting Borealis’ multi-year investment programme in the area of plastics circularity, in line with its objectives to support innovation, climate action and sustainability.
The robotics company Magazino has closed a Series B financing round of €21 million. Jungheinrich AG and the EIB are leading the round, with existing investors also participating. The capital raised will be used to expand international sales activities and above all to accelerate the expansion of the "ACROS.AI" software stack – a software platform for intelligent robots developed by Magazino that is also used on third-party hardware.
The EIB has signed a PLN 71.2million (EUR 16 million) guarantee agreement with BNP Paribas Bank Polska to provide a first loss portfolio guarantee to support the financing of energy efficiency projects from Polish homeowners, micro-farmers, and housing associations.