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.
Most recent
- New green financing model launched in Serbia
- European Commission and EIB Group announce new initiative to mobilise €10 billion investment for Europe’s biotech sector
- Empowering women-led businesses worldwide: A resilience toolbox
- EIB Advisory: 20 years supporting projects in European regions
- EIB Group publishes updated Ethics and Integrity Report and further strengthens workplace integrity measures
More press releases
Bosnia and Herzegovina to get EIB Global support on green and social impact financing
The European Investment Bank (EIB Global) will provide guidance on green financing to the Central Bank of Bosnia and Herzegovina and facilitate access to funding for companies in the country.
Serbia: European Union commits €134 million to modernise Niš-Dimitrovgrad railway link
The European Union has committed €134 million to modernise, reconstruct and electrify the Niš-Dimitrovgrad railway section. The financing package includes a €100 million European Investment Bank (EIB Global) loan to upgrade the Sićevo-Dimitrovgrad rail line, electrify and install signalling along the entire Niš-Dimitrovgrad route. This is complemented by a €34 million EU grant for constructing a rail bypass around Niš.
EIB Group provides EU-backed guarantee to ProCredit Bank to expand finance for war-affected businesses in Ukraine
The European Investment Bank (EIB) and the European Investment Fund (EIF) – together the EIB Group – have signed a new EU-backed guarantee that will enable ProCredit Bank Ukraine to mobilise more than €43 million in additional lending for small and medium-sized enterprises (SMEs).