EIB Vice President Jonathan Taylor has met with his Multilateral Development Bank (MDB) climate Vice President counterparts from the World Bank, AfDB, AsDB, EBRD and IADB. The meeting noted the good progress on MDBs' joint work on the climate mainstreaming principles, leverage/mobilisation, and tracking of climate finance. There was full agreement with VP Taylor's comment that the MDBs should collectively ensure that momentum should be maintained at this critical moment for climate finance.
Vice President Taylor also met with Rachel Kyte, the newly appointed CEO of SE4ALL. Ms Kyte is one of the global 'climate warriors', well known to the EIB in her previous role World Bank Vice President responsible for climate. Ms Kyte briefed the EIB on a number of reforms and action programmes she was introducing to the SE4ALL. Acknowledging the importance of the EIB as a financing partner on the climate agenda she expressed her strong hope to see cooperation between SE4ALL and the EIB increase and strengthen, especially with regard to energy efficiency. As an early step SE4ALL will seek the EIB's comments on a new strategy to be announced in June in good time for COP22.
The EIB Group joins the Debt Pause Clause Alliance
Spain, with the support of other countries and major multilateral development banks such as the European Investment Bank Group, unveiled the Debt Pause Clause Alliance at the IV International Conference on Financing for Development in Seville.