Source: European Investment Bank (EIB) |

Coronavirus Global Response: European Investment Bank (EIB) and Commission pledge additional €4.9 billion

Will finance economic recovery, stronger health systems and the implementation of the Sustainable Development Goals in all countries outside of the EU

The ‘Global Goal: Unite for our Future’ pledging summit organised today by the European Commission and Global Citizen mobilised €6.15 billion in additional funding to help develop and ensure equitable access to coronavirus vaccines, tests and treatments. The money raised will also support economic recovery in the world’s most fragile…

Source: European Investment Bank (EIB) |

Coronavirus - Egypt: Ministry of International Cooperation (MOIC), European Union (EU), European Investment Bank (EIB) and Micro, Small, and Medium Enterprises Development Agency (MSMEDA) launch the second phase of Community Development Program in Egypt

A guide was prepared by MSMEDA and disseminated to all the contractors and workers to abide with these high and conservative protective measures against COVID-19

EGP 111m will be invested in five governorates under phase two; EGP 113m are being invested in six governorates under phase one The Ministry of International Cooperation (MOIC), the European Union (EU), the European Investment Bank (EIB) and the Micro, Small, and Medium Enterprises Development Agency (MSMEDA) have launched the…

Source: European Investment Bank (EIB) |

Coronavirus - Joint action against malaria: European Investment Bank, European Commission and Investitionsbank Berlin inaugurate €70 million fund

This preventable and curable disease continues to claim the lives of more than 400 000 people each year, largely in Africa

EU Malaria Fund closes with an initial €70 million to support scientifically promising projects not yet pursued by the pharmaceutical industry; the fund is backed by InnovFin EU and the European Fund for Strategic Investments, joint initiatives of the EIB and the European Commission; first fund investment: €24.8 million for…

Source: European Investment Bank (EIB) |

Coronavirus: Togo becomes 18th African country shareholder in African Trade Insurance Agency (ATI)

Adequate insurance capacity critical component to cushioning against negative economic impacts of COVID-19

African countries fast-tracking membership to ATI in response to expected trade and investment insurance capacity impact from COVID-19 Togo becomes 18th African country to join ATI, with a shareholding of US$12.5 million, through a concessional loan by the European Investment Bank. Membership in ATI provides African countries with additional trade…

Source: European Investment Bank (EIB) |

Coronavirus - Africa: European Investment Bank (EIB) Group contributes € 5.2 billion to EU response to Covid-19 outside European Union

Short-term support for health and business investment in Africa, Eastern and Southern Neighbourhood Countries, Western Balkans, Asia and Latin America

Accelerated financing and targeted technical assistance for partners in 100 countries as part of Team Europe response package; short-term support for health and business investment in Africa, Eastern and Southern Neighbourhood Countries, Western Balkans, Asia and Latin America; increased backing for business impacted by the pandemic. The European Investment Bank…

Source: European Investment Bank (EIB) |

EIB launches new study confirming strong growth and impact of African banking

Small business, manufacturing and agriculture key focus of increased lending

Real GDP growth in Africa resilient despite global uncertainty; African banks optimistic about future development of local markets; Small business, manufacturing and agriculture key focus of increased lending The European Investment Bank today published the new edition of the “Banking in Africa” series: “Financing Transformation amid Uncertainty”. It is the…

Source: European Investment Bank (EIB) |

European Investment Bank joins Sahel Alliance

Technical and financial experience from recent energy, water, private sector, transport and telecom investment to be shared with Sahel partners

EIB, the Bank of the European Union, joins Sahel Alliance at first General Assembly; Membership expected to strengthen impact of EIB engagement in Sahel; Builds on EUR 1 billion track record in region and 52 years of engagemen; Technical and financial experience from recent energy, water, private sector, transport and…

Source: European Investment Bank (EIB) |

European Investment Bank and UNICEF partner to help improve access to quality education and protect children from climate change

Pilot projects will soon be initiated in countries across Europe, Central Asia and Southern and Eastern Africa

The European Investment Bank (EIB) and UNICEF today announced a new partnership aimed at increasing access to quality education and reducing the impact of climate change on children. Under a Memorandum of Understanding (MoU) signed by EIB Group President Werner Hoyer and UNICEF Executive Director Henrietta Fore, the two institutions…

Source: European Investment Bank (EIB) |

Egypt and European Investment Bank (EIB): A 40 year-long partnership to improve people’s lives

Since 1979, the Bank of the European Union (EU) invested more than EUR 9.2 Billion and disbursed around EUR 6.8 Billion in Egypt

European Investment Bank Vice President Dario Scannapieco will visit Egypt later this week to participate in the “Invest in Africa 2019” Forum and mark the 40 year anniversary of local operations of the world’s largest multilateral financial institution in Egypt. Since 1979, the Bank of the European Union (EU) invested…

Source: European Investment Bank (EIB) |

European support to rehabilitate Malawi transport network confirmed: EUR 139m

Works to reduce transport costs, cut travel time and facilitate export

European institutions provide a EUR 139 million contribution towards the rehabilitation of over 347 km of the M1 road; EUR 95.5 million EIB loan combined with EUR 43.1 million European Union grant, to support EUR 191 million total investment; works to reduce transport costs, cut travel time and facilitate export;…