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European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Rwanda and European Investment Bank agree new Critical Raw Materials investment partnership

This is the first critical raw materials agreement between the European Investment Bank, the world’s largest international public bank, and an African partner

Rwandan President Kagame and European Commission President von der Leyen witness agreement; Rwanda first country in Africa to partner with EIB (www.EIB.org) to unlock critical raw materials investment; New cooperation will strengthen cooperation to identify investment opportunities, scale up investment in critical raw material supply chain and increase recycling. Rwanda…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP28): Multilateral development banks publish first common principles for nature-positive finance

The common principles aim to increase nature-positive finance by mainstreaming nature in MDB operations and investments in a systematic manner

New principles will guide multilateral development banks’ support for countries and the private sector in implementing the Kunming-Montreal Global Biodiversity Framework; For the first time, multilateral development banks define common principles and the criteria for identifying and tracking nature-positive finance; Announcement follows COP26 Joint MDB Statement on Nature, People and Planet. The…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP28): European Investment Bank (EIB) Global presents first just resilience and just transition approach to meet needs of most vulnerable

EIB Global backs projects through direct as well as intermediated lending through funds, banks, and micro-finance institutions

The EIB (https://www.EIB.org) is the first international financial institution to launch a just resilience approach to be applied from 2024 onwards; EIB is expanding its support for a just transition globally including through Just Energy Transition Partnerships and Team Europe initiatives in 9 pilot countries; the new approaches aim to support those…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of Parties (COP 28): European Investment Bank and AllianzGI announce new capital commitments to the Emerging Market Climate Action Fund (EMCAF)

EMCAF is expected to invest in about twelve funds, which should support around 150 climate change mitigation, adaptation and environmental sustainability projects

New capital commitments from the United Kingdom and German governments; The fund invests in green transition funds and projects in emerging and developing markets worldwide; Launched at COP26, EMCAF has already invested more than $100 million in five funds over two years; EMCAF on track to hold its third close…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP 28): European Investment Bank (EIB) Global co-signs Joint Declaration on the Just Transition Investment Platform for North Macedonia

The support package is designed to ensure the positive outcomes of the green transition, while protecting the jobs and livelihoods of affected communities

The declaration brings together partners to help the country mobilise investments, policy support and technical assistance to accelerate the energy transition and meet its climate and development goals; EIB Global (https://www.EIB.org) will help accelerate its implementation through enhanced technical support and financing; in 2023, the Bank has invested over €100 million to…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP 28): Multilateral Development Banks boost joint action on climate and development

MDBs continue to work on aligning their activities with the Paris Agreement goals using their joint framework published at COP24

Multilateral Development Banks (MDBs) have published a joint statement (https://apo-opa.co/3QZQ21a) where they present concrete and urgent actions to scale up finance and enhance climate outcomes measurement, strengthen country-level collaboration, and increase co-financing and private sector engagement. The announcement comes as world leaders are gathering at the COP28 United Nations Climate…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Conference of the Parties (COP28): European Investment Bank to co-finance climate action projects with the Brazilian Development Bank, BNDES

EIB and BNDES reinforce collaboration in Brazil to further support clean energy investment and back the development of renewable energy and the Amazon region

European Investment Bank (EIB) (EIB.org) Vice-President Ambroise Fayolle and President of the Brazilian Development Bank (BNDES) Aloizio Mercadante signed a memorandum of understanding today at COP28 in Dubai, to explore co-financing opportunities in the renewable energy, environment and social sectors in Brazil, including in the Amazon region. The memorandum of…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Blue Mediterranean Partnership steps up support for sustainable blue economy

EIB, EBRD, UfM, EC, AFD, CDP, KfW, donors and beneficiary countries sign cooperation agreement at COP28

Blue Mediterranean Partnership to support transition to a sustainable blue economy in the Mediterranean region; Partnership to start operating in early 2024; Partners aim to mobilise at least €1 billion in investments. At COP28 (www.COP28.com), partners and donors involved in the Blue Mediterranean Partnership reinforced their support for developing the sustainable…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

European Investment Bank and Bank of Kigali outline EUR 100 million plan to enable Rwandan farmers adapt to climate change

Agriculture is a key part of Rwanda’s economy, contributing to over 60% of total employment

New agriculture and agri-business climate finance to support farmers and agri-businesses prepare for extreme weather, increased drought and increased rains; largest ever EIB (https://www.EIB.org) backing for business investment in Rwanda; initiative to increase access to climate finance by women owned businesses; new partnership announced at COP28 as a model for climate…

European Investment Bank (EIB)
Source: European Investment Bank (EIB) |

Rwanda Climate Finance Partnership Powers Innovative Climate Action

The Rwanda Climate Finance Partnership aims to facilitate public-private partnerships to scale-up climate finance and has been made possible by the country’s Resilience and Sustainability Facility (RSF) arrangement with the International Monetary Fund

The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate action thanks to additional contributions from the Government of Rwanda. The partnership is supported by Agence Française de Développement (AFD), the European Union and Team Europe, the…