Earth Hour 2016 – Lights out at the EIB

The European Investment Bank Group, in partnership with the Financial Alliance for Net Zero, convened a high-level exchange with leaders of multilateral development banks and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies.

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.