EIB Group and Committee of the Regions reinforce their long-standing cooperation
22 January 2021
The European Committee of the Regions (CoR) and the EIB Group have renewed and reinforced their long-standing cooperation today with the adoption of a new joint Action Plan for cooperation in 2021.
Through its financing, blending activities and advisory services, the EIB Group – comprised of the European Investment Bank (EIB) and the European Investment Fund (EIF) - works with many of Europe's regions and local authorities. It helps deliver growth, jobs, cohesion and a just transition while supporting climate action and environmental sustainability as the EU’s climate bank.
The fundamental objectives and ambitions of the CoR and those of the EIB Group go hand in hand: from enabling a fair and sustainable economic transition which leaves no region behind, through implementing the European Green Deal, to strengthening cohesion and resilience across all EU territories, or catalysing the post-COVID-19 recovery. In each of those areas and more, the CoR and the EIB both stand to gain from working closer together at the service of all EU citizens.
The renewed Action Plan consists of a broad range of joint activities, for example a brochure on financial assistance available to local and regional authorities in EU accession and neighbourhood countries, or a workshop to highlight the opportunities of financing and advisory services for cities and regions under InvestEU. The plan foresees many such common events and joint projects as well cooperation between EIB Group specialists and CoR rapporteurs on relevant files. The joint actions cover many policy areas, from public investment and cohesion, to the Green Deal and neighbourhood policy.
The shared objective of planning common activities is to foster awareness, find synergies, improve policy proposals and implementation, and ultimately help deliver high-quality EU-supported projects that benefit citizens and businesses alike. Thanks to this cooperation, the CoR will support Europe's local and regional authorities by helping to mobilise the EIB Group's expertise in addressing their needs.
Shiva Dustdar is the new Director and Head of the EIB Institute and the first woman to lead this key pillar of the EIB Group’s community and citizen engagement. She succeeds Francisco De Paula Coelho, who retired after heading the Institute since 2016.
Heads of four leading Multilateral Development Banks (MDBs) will tackle the pressing matter of securing the extensive financing required to meet Sustainable Development Goals (SDGs) in the third edition of the Caribbean Development Bank’s (CDB) President’s Chat on Thursday, June 9, 2022, at 10:00 am AST.
On 25 April EIB President Werner Hoyer participated in the United Nation’s Economic and Social Council (ECOSOC) Forum on Financing for Development. Together with Mrs Rebeca Grynspan, Secretary-General of United Nations Conference on Trade and Development, Mr Aiyaz Sayed-Khaiyum, Minister of Economy of Fiji and others, President Hoyer discussed how the availability of sustainable finance can be ensured despite current and future threats.