IMF Executive Board Concludes 2023 Article IV Consultation with Ireland
The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Ireland.
IMF Executive Board Temporarily Increases Access Limits under the Poverty Reduction and Growth Trust
Annual access limit raised from 145 to 200 percent of quota.
IMF Executive Board Completes Fourth Review Under the Extended Fund Facility Arrangement for Suriname
The IMF Executive Board completed the fourth review under the Extended Fund Facility (EFF) arrangement for Suriname, allowing for an immediate purchase equivalent to SDR 39.4 million (about US$ 53 million). The Board has also approved the authorities’ request for an extension of the arrangement (until March 2025) and augmentation of access equivalent to SDR 46.8 million (about US$ 63 million).
IMF Executive Board Concludes 2023 Article IV Consultation with the Philippines
The Executive Board of the International Monetary Fund (IMF) concluded the 2023 Article IV consultation with the Philippines.
EIB and ILB celebrate 30 years of partnership
At the EIB`s Berlin office, the European Investment Bank (EIB) and the Investitionsbank des Landes Brandenburg (ILB) have celebrated almost 30 years of their partnership. Both public development banks have been cooperating in funding regional projects in the German State of Brandenburg that is surrounding Berlin. Since 1995, 47 financial contracts have been signed with an overall volume of €3.21 billion.
The Global Green Bond Initiative joins forces with the African Development Bank to drive the development of green bond markets throughout Africa
The coalition of development finance institutions and multilateral organizations making up the Global Green Bond Initiative (GGBI ) today launched a strategic partnership with the African Development Bank to cooperate on technical assistance to promote green bond markets in Africa.
COP28: EIB to support objectives of Global Renewables and Energy Efficiency Pledge
The European Investment Bank (EIB) will actively contribute to the objectives of the Global Renewables and Energy Efficiency Pledge, announced today at the World Climate Action Summit, the gathering of world leaders at COP28 in Dubai. The pledge, which was joined by more than 100 countries, alongside the COP28 Presidency and the European Union, aims to accelerate the pace and deployment of renewables and energy efficiency to limit global warming. It defines new targets for the global installed capacity of renewable energy sources, set to triple by 2030. In addition, it commits to doubling the global rate of energy efficiency improvements from 2% to 4% every year until 2030.
COP28: The EIB and Meridiam showcase a new investment initiative to protect vulnerable cities in Africa from climate change
On Monday December 4th, at COP28 in Dubai, the European Investment Bank (EIB) and Meridiam presented the first project – in Mauritania - to be developed and financed by The Urban Resilience Fund (TURF). The Nouakchott Coastline Development Project, managed by Meridiam, aims at protecting Mauritania’s capital city from coastal erosion and flooding, while also developing new activities to the benefit of its communities.