Working with the European Union
The EIB is the European Union’s international development bank. We promote the EU's principles, values and objectives and contribute to stable growth in countries beyond Europe’s borders.
As part of Team Europe, the EIB has increased its development finance, especially in response to the COVID-19 pandemic. Team Europe is a global recovery package that combines resources from the European Union, Member States and the EIB, and supports the most vulnerable countries and people most at risk around the world.
In line with Team Europe initiatives, our projects in Americans and Caribbean countries are aimed at achieving the UN Sustainable Development Goals.
As part of Team Europe we are supporting Global Gateway, a new European strategy to invest in sustainable, high-quality projects around the world that are good for people and the planet.
Under Global Gateway, EIB Global is tackling some of today’s most pressing challenges, from fighting climate change to accelerating the digital transition. EIB Global is well on track to facilitate at least a third of the €300 billion of investment that Global Gateway aims to mobilise by 2027.
This will help support projects that are focused on digitalisation, tackling climate change, clean energy, healthcare, education, as well as transport.
The Global Gateway is the European Union’s contribution to narrowing the global investment gap. Launched in 2022, the Global Gateway covers five main themes - climate and energy, digital, education and research, health, and sustainable transport. It is implemented through a Team Europe approach, involving the EU institutions, the EU Member States and their public development banks.
The European Investment Bank has signed 15 Global Gateway contracts in Latin America and the Caribbean for a total of €1.7 billion since 2022 and is expected to mobilise investments of around €4.6 billion in the coming years.
Read more about Global Gateway in Latin America and the Caribbean.