The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF) approved a €17.7 billion financing package to boost the green transition, strengthen Europe’s economic competitiveness and resilience, and deepen global partnerships.
The European Investment Bank (EIB) Group and the Inter-American Development Bank Group (IDB Group) and, on behalf of the Multilateral Development Banks (MDBs) Nature Working Group and with support of the Brazilian Government, unveiled today a transformative new tool to accelerate investment in nature.
The European Investment Bank Group’s development arm, EIB Global, is teaming up with Germany and Luxembourg to boost green financing worldwide. EIB Global is creating a trust fund for climate action to which Germany and Luxembourg are contributing a total of €32 million as initial donors.