EIB President Werner Hoyer presented today at the UN Climate Change Conference in Madrid, how the EU bank’s new climate action roadmap and Energy Lending Policy can support European Union leadership on international climate action.
Development Banks committed $19.6 billion to water projects in 2024
Ten multilateral development banks (MDBs) active in the water sector have approved global investments totalling $19.6 billion (€17 billion) in 2024. According to the inaugural Joint Annual MDB Water Security Financing Report, launched on the sidelines of the 4th International Conference on Financing for Development in Seville, nearly three-quarters of these funds were earmarked for low-, lower-middle-, and upper-middle-income countries.