Adequate project design quality, close supervision, and active monitoring are crucial for improving the project effectiveness of both public and private sector operations of ADB, says an independent evaluation report released today.
As part of the EIB Group support to Ukraine, the EIB Institute will coordinate a humanitarian aid donation of €2.5 million to help the people affected by the war in Ukraine. The donation comes on top of €668 million of financing approved last week as part of the EIB’s Ukraine Solidarity Package.
The European Investment Bank strongly condemns the military invasion of Ukraine by Russian troops and the violations of fundamental rights of civilians and public servants, including the recent abduction of democratically elected mayors of Ukrainian towns and the attacks against civilian infrastructure, including children's hospitals and schools, over the last two weeks.
The European Investment Bank (EIB), the bank of the European Union and the largest multilateral lender in the world, will provide €250 million to the People’s Republic of Bangladesh via EIB Global to support procurement of safe and effective vaccines and country-wide immunisation against COVID-19. Vaccination efforts will also include Rohingya refugees from Myanmar currently hosted in Bangladesh.
On 8 March 2022, the European Commission announced the REPowerEU Communication that includes doubling of the European Union (EU) hydrogen production target and underlining the need to enhance EU manufacturing capabilities of equipment such as electrolysers. In this context, the European Clean Hydrogen Alliance launched a call for project promoters among its members to present their projects to the EIB.
Statement by the heads of the EBRD, EIB, CEB, IMF and WBG on the impacts on the global economy of the ongoing war in Ukraine and our respective and collective response to this crisis.
The implementation of a cooperation agreement between the European Investment Bank and the Hellenic Republic, which involves the EIB managing up to €5 billion of Recovery and Resilience Facility (RRF) investments in Greece, was confirmed recently in Athens during a meeting between Alternate Finance Minister Theodoros Skylakakis and EIB Vice-President for Greece Christian Kettel Thomsen.
The European Investment Bank (EIB), the bank of the European Union, will extend its ongoing support for the modernisation of Czech national railways and provide advisory assistance to Správa železnic, s.o (SŽ), the national railway administration of the Czech Republic. The EIB will support SŽ in the development of a methodology and tools for assessing the suitability of public-private partnerships for delivering rail infrastructure projects in the country. EIB and the Czech railways authority signed the advisory agreement in Prague on 24 March.
Following the signature of the InvestEU Guarantee Agreement between the European Commission and the European Investment Bank (EIB) in March, the InvestEU Investment Committee confirmed on 1 April the EU guarantee for EIB financing totalling €1.9 billion. The backed investments will support clean energy, education, improved internet connection, water and wastewater infrastructure. The first projects to benefit from the new EU guarantee fall within InvestEU’s social investments and skills window and sustainable infrastructure window.
As part of a series of events organised to debate current trends in investment in different EU Member States, Banco de España, Banco de Portugal and the European Investment Bank, hosted their first joint conference entitled “Financing Corporates: Lessons from the COVID-19 Crisis and Challenges Ahead.”
