Luxembourg is joining forces with the European Investment Bank’s development arm (EIB Global) to pledge €5 million through the Luxembourg-EIB Climate Finance Platform (LCFP) to help Small Island Development States (SIDS) tackle climate change. The Government of Luxembourg is making the commitment to a new fund dedicated to the sustainable use of ocean resources – an area of activity known as the “blue economy” – and EIB Global is managing the contribution to ensure its optimal use.
The European Investment Bank (EIB), the world’s largest multilateral bank and leading global financier of renewable energy, signed its first-ever investment support for Bhutan today.
The first 6 km section of the Agra metro was inaugurated today by Indian Prime Minister Narendra Modi, present virtually, in the presence of Chief Minister of Uttar Pradesh Yogi Adityanath, Managing Director of Uttar Pradesh Metro Rail Corporation Sushil Kumar, and Head of EIB Regional Representation for South Asia Nina Fenton.