Let me thank our hosts for bringing us together today.
Listening to Prime Minister Hasina, we are reminded that we must give hope to the most vulnerable. Not based on false promises, but on concrete support, on solidarity, and on true partnership.
Let’s turn reluctance into action. We know there are cracks in the multilateral system.
Let’s not paper over these. Let’s address them.
The European Investment Bank is here in New York to listen, to learn and share ideas and solutions with our partners.
For example, the EIB has heard the call expressed through the Bridgetown Initiative:
we have extended maturities and grace periods,
we are increasing technical assistance so projects can deliver greater impact, and
we are launching pilot clauses to defer debt service in case of climate emergencies and natural disasters in vulnerable countries.
Multilateral Development Banks (MDBs) like the EIB can play a key role in accelerating the delivery of financing. We can support our clients in the public and private sector, turning needs into investment opportunities.
Last year, we have increased our financing activities in all regions, working together with our partners in the EU and globally:
from financing primary healthcare around the world, to green hydrogen in Latin America,
from water desalination in the Middle East, to mini energy grids that deliver to local communities in Madagascar, our projects reflect our unwavering commitment to climate action and the delivery of the Sustainable Development Goals (SDGs).
Not just in name, not just in number, but in impact on local communities globally.
MDBs must do more. They must focus on doing the right things. But, also, on doing things right.