President Hoyer meets Chancellor Merkel

The European Union, including the European Investment Bank (EIB), and partner development finance institutions have signed the Global Green Bond Initiative (GGBI) Fund, a new public-private investment tool to mobilise up to €20 billion of private capital for sustainable infrastructure projects in low- and middle-income countries.

The need to accelerate Europe’s transition and reinforce its energy autonomy while fostering decarbonisation is more pressing than ever before EIB Advisory supports EU regions historically dependent on coal, peat, and oil shale.

In a period of heightened global uncertainty, including the evolving situation in the Middle East, the heads of MDBs today underscored the importance of close cooperation to support stability, safeguarding development progress, and responding to mounting pressures in their member economies.