The coalition of development finance institutions and multilateral organisations making up the Global Green Bond Initiative (the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), Italy’s Cassa Depositi e Prestiti, the Spanish Agency for International Development Cooperation (AECID), Germany’s KfW development bank, PROPARCO of the AFD Group, acting as a consortium of European development finance institutions and the Green Climate Fund (GCF)), today launched a strategic partnership with the Inter-American Development Bank (IDB) and IDB Invest to cooperate on technical assistance for promoting green bond markets in Latin America and the Caribbean, at an event attended by representatives of the European Commission. The declaration was signed in Cartagena, Colombia, at the Finance in Common Summit, held from 4 to 6 September.
On the occasion of the Finance in Common Summit, the European Investment Bank (EIB) today announced a $52.5 million commitment to Vinci Climate Change Fund, an equity investment fund with a target size of $400 million managed by Vinci Infraestrutura Gestora de Recursos Ltda. On top of this, the Emerging Market Climate Action Fund (EMCAF), a fund-of-funds managed by Allianz Global Investors (AllianzGI) and advised by the EIB, announced a $25 million commitment to the fund.
At this week’s Finance in Common Summit in Cartagena, (Colombia), several public development banks committed to working together on a Blue Finance Roadmap to take rapid action on the protection and sustainable use of the ocean.