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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Montenegro: European Union to invest €175 million to upgrade Bar-Golubovci railway line
To strengthen regional connectivity and integration, the European Union is providing a €175.6 million financial package for the reconstruction of 39 km of the Bar–Golubovci railway line, a key section of Rail Route 4 on the extended TEN-T Core Network. This vital corridor connects Belgrade to the Port of Bar, linking Montenegro and the Western Balkans with Central Europe. Once completed, the upgrade will increase train speeds and improve railway reliability, safety, and capacity. The project will raise the quality of rail service, accommodating 1.3 million passengers and transporting 1.85 million tonnes of freight annually. It will promote multimodal transport, strengthen resilience to climate change, and advance Montenegro’s green transition by shifting traffic from road to rail.
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.