Outside EU affairs

The European Investment Bank (EIB Global) has signed agreements with seven EU Member States pledging just over €74 million to a new envelope under the ACP Trust Fund. This funding will promote inclusive and sustainable economic growth and human development, especially in least developed countries and fragile states in Africa, the Caribbean and the Pacific. The ACP Trust Fund envelope supported by EU Member States will target EU Global Gateway projects in ACP countries and support the UN’s Agenda 2030 as well as the Sustainable Development Goals.

The European Investment Bank Group has launched an ambitious action plan to further improve transparency, accountability and well-being in the workplace, including the establishment of an independent Ombudsman function.

The Global Emerging Markets Risk Database (GEMs) Consortium has published today for the first time the recovery rates of investments with private and sub-sovereign borrowers in emerging markets and developing economies (EMDEs) for the period 1994-2022. The statistics are collected from the group of 19 multilateral development banks and development finance institutions that are members of the GEMs Consortium and are available online for free on the GEMs website (gemsriskdatabase.org).