European Investment Bank

European Investment Bank

EIB to set new 35% target for climate lending in developing countries

President Hoyer announced today that the EIB aims to significantly increase the proportion of lending supporting climate related investment from 25% to 35% in developing countries. Addressing a meeting of finance ministers and multilateral development banks, at the IMF - World Bank annual meetings in Lima, President Hoyer said that the Bank expected to increase climate lending in developing countries identified by the UNFCCC and OECD.


EIB and World Bank join forces with new agreement to support Ukraine

EIB President Werner Hoyer and World Bank Group President Jim Yong Kim have signed an agreement that aims to facilitate the purchase of gas by Ukraine’s national gas company, NJSC Naftogaz. Facilitated by a counter-guarantee of the European Union, the EIB will guarantee up to USD 520 million of selected World Bank loans in Ukraine to this end.


IMF and EIB strengthen cooperation in support of Sustainable Development Goals

The EIB and the IMF have signed a Memorandum of Understanding that enables the two organisations to enhance their close cooperation in advancing the Sustainable Development Goals (SDGs) and in supporting capacity development and institution-building. The agreement was signed by IMF Deputy Managing Director Carla Grasso and EIB Vice-President, Ambroise Fayolle in Lima, Peru on the margins of the IMF-World Bank Annual Meetings.


EIB President encourages Deauville Partnership to increase investment in the Middle East and North Africa

In his role as current Chairman of the IFIs engaged in the Deauville Partnership, President Hoyer has highlighted the need to increase support for investment to finance economic and social transformation in the Middle East and North Africa. Infrastructure investment and job creation were named as the key areas in which the Deauville Partnership players can increase their contribution in the region.

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