Supporting the Green Deal around the world with Team Europe: the EU bank at the European Development Days #EDD21
14 June 2021
The EIB publishes two new reports presenting its strategy for global partnerships, particularly with Africa
New financing for the Caribbean region to be announced at #EDD21
Conference on 14 June dedicated to universal and equitable access to healthcare and water in Africa
Key debates on clean and affordable energy in Africa and on financing green recovery in Latin America and the Caribbean on 15 June
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 organised by the European Commission on June 14, 15 and 16, to discuss how to support the green deal and ensure an inclusive, green recovery around the world. The EIB will host a series of debates to explore solutions aimed at achieving the UN Sustainable Development Goals and addressing challenges posed by COVID-19.
For more than 50 years, the EIB has been the European Union’s international development bank. Working closely with the public and private sectors, as well as with many financial partners, notably through Team Europe, the Bank provided more than €10 billion in 2020 to finance projects outside the European Union that will create jobs and opportunities, support a cleaner planet and a better quality of life. 71% of our financing in sub-Saharan Africa supported least developed countries or fragile states.
Ahead of the event, EIB President Werner Hoyer, said: “From 2016 to 2020, more than a third of our lending in developing countries was for climate action and we intend to increase this support to reduce poverty and inequality around the world. Climate change is causing an unprecedented loss of biodiversity and is threatening our ecosystems and our lives. Nobody will escape the effects of a deteriorating environment, unless we mobilise globally and promote new green technology. This is why we are eager to combine our expertise in development and innovation with our climate action goals. As part of Team Europe, we are stepping up our lending and advisory services for innovative solutions in climate adaptation and mitigation, as well as in biodiversity, natural capital and ecosystem restoration”.
At the European Development Days, the EIB will release its new report “Global Solutions, International Partnerships: The European Investment Bank Development Report 2021”, which details our €5 billion lending in Africa last year and presents a series of expert articles highlighting solutions to today’s development challenges. The report also explains how our development and partnership work builds prosperity around the world in places that are a priority to the European Union.
Alongside this report, we are publishing another new document, “A Partnership with Africa,” which goes deeper into the strategic and policy ideas at play in contemporary development, including our enthusiastic participation in the European Commission’s Team Europe initiative, as the only multilateral bank owned entirely and exclusively by the EU member states. “A Partnership with Africa” outlines how the EIB delivers on EU policies and our future plans for development and partnership across Africa.
The EIB will also announce a new financing for COVID-19 related emergency healthcare expenditure, targeting both medical care and efforts to limit the spread of the virus in Barbados. The EIB loan will help strengthen Barbados’ public health system including treatment and lab capacity, as well as vaccine management.
More information to come this week.
The EIB at #EDD21: highlights and events
The full schedule of EIB participation at #EDD21 is available here:
Please join us on our virtual stand “Greening economies, Strengthening climate resilience” soon-to-be available in the EDDs’ Global Village and engage with our EIB experts, or on our social media channels at #edd2021 #OnEarth
Over the last 10 years, EIB financing outside the European Union has totalled €78 billion, including €26.6 billion to Africa. Active in around 160 countries around the world, the EIB supports projects aiming at reducing poverty and promoting climate action, economic resilience and gender equality.
A €280 million loan granted to ArcelorMittal by the European Investment Bank (EIB) backed by the Investment Plan for Europe will help to fund the group’s European research and development programme between 2021 and 2023.
A strong push for investment in quality, sustainable and digital infrastructure in a collaborative effort between public and private stakeholders to guide and strengthen the post-Covid-19 global economic recovery efforts even in light of taking in consideration also environmental challenges. This was the main message that emerged from the two-day working session of the D20 Long-Term Investors Club (D20-LTIC), the international club of long-term investors that met in Rome and that the Italian G20 Presidency has recognised as a key partner in the area of long-term investments.
The City Climate Finance Gap Fund (the Gap Fund) has approved technical assistance for 33 cities since its operational launch in September 2020, filling a critical gap in technical assistance funding to help cities turn their climate ambitions into finance-ready projects.