The European Investment Bank (EIB), the bank of the European Union, and Japan Bank for International Cooperation (JBIC) have agreed to further expand cooperation on a range of globally relevant investments across the globe. This includes identifying co-financing opportunities for infrastructure connectivity (transport, energy and digitalisation) and projects contributing to carbon neutrality in the European Union, such as subsea interconnectors, offshore wind plans, battery storage facilities and hydrogen technology development. In Asia, Africa and the EU neighbouring countries, the EIB and JBIC have agreed to cooperate on co-financing of connectivity (transport, energy and digital) projects.
The European Investment Bank (EIB), the bank of the European Union, and the city of Yerevan today signed work contracts for refurbishment, energy efficiency and seismic stability improvements in six kindergartens in the capital city of Armenia. The funds for the upgrades stem from the Yerevan Energy Efficiency Project, a EUR 15 million investment by the EIB, and the multi-donor Eastern Europe Energy Efficiency and Environment Partnership (E5P) fund to improve energy efficiency, seismic stability and the sanitary conditions of 90 kindergartens in Yerevan, the capital city of Armenia.
The EIB will invest €100 million to upgrade and modernise key healthcare infrastructure in Georgia, provide professional training to new medical staff, and finance the procurement of essential medical equipment for the country’s healthcare system during the COVID-19 pandemic.