The G7 Development Finance Institutions (DFIs) today announced the establishment of the G7 Infrastructure Investment Council (“the Council”), a key initiative to scale infrastructure investments for economic prosperity in emerging markets and developing economies. The announcement took place ahead of the G7 Development Ministerial during the Annual Meetings of the International Monetary Fund and the World Bank Group.
With an estimated $4.2 trillion needed annually for infrastructure investment worldwide, the majority of which is concentrated in emerging markets, the Council establishes the first systematic framework for G7 DFI coordination with investors to unlock private capital at the scale required.
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New report on mobilization of private finance by Multilateral Development Banks and Development Finance Institutions shows record levels
Multilateral Development Banks (MDBs) and Development Finance Institutions (DFIs), including the European Investment Bank, published their latest report on their collective private finance mobilization, which which has reached a new global record.
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The EIB Global Advisory Council has convened for its second meeting bringing together leading international experts to discuss the strategic outlook for the multilateral development system in today’s evolving geopolitical context.
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EIB Global, the development arm of the European Investment Bank (EIB), has signed a new cooperation agreement with the Joint European Financiers for International Cooperation (JEFIC), strengthening coordination among European development finance institutions. JEFIC is a network that brings together national bilateral development banks and European financial institutions working with public partners in developing countries and emerging economies, supporting private-sector mobilisation and strengthening local regulatory frameworks.