EIB to Unveil New Financial Support for Ukraine and Climate-Affected Nations at Annual IMF and World Bank Meetings

EIB to Unveil New Financial Support for Ukraine and Climate-Affected Nations at Annual IMF and World Bank Meetings

(IN BRIEF) The European Investment Bank (EIB) will announce new financial support for Ukraine and innovative funding solutions for climate-affected nations at the 2024 International Monetary Fund and World Bank Annual Meetings. Led by President Nadia Calviño, the EIB delegation will also focus on enhancing collaboration with other Multilateral Development Banks to strengthen global financial systems. The EIB’s efforts align with the EU’s Global Gateway Agenda, emphasizing joint action to address high indebtedness, climate change, and crisis resilience.

(PRESS RELEASE) LUXEMBOURG, 19-Oct-2024 — /EuropaWire/ — At the 2024 Annual Meetings of the International Monetary Fund and World Bank Group in Washington DC, the European Investment Bank Group (EIB), led by President Nadia Calviño, will announce new financial support for Ukraine and introduce innovative funding instruments for countries facing the impacts of climate change. Authored by the EIB, this initiative aligns with the European Union’s Global Gateway Agenda and reflects the bank’s commitment to addressing global crises through collaboration and inventive solutions.

President Calviño, joined by EIB Vice-Presidents Ambroise Fayolle and Thomas Östros, as well as EIB Global Director General Andrew McDowell, emphasized the need for cooperative action in tackling critical challenges such as high indebtedness and climate change resilience. The EIB aims to reinforce the global financial system by collaborating with other Multilateral Development Banks (MDBs) to improve their efficiency as a unified system.

During the Annual Meetings, the EIB will highlight its new investments, including those supporting climate action, resilience, and crisis-stricken countries, underscoring the bank’s role as the financial arm of the European Union.

President Calviño remarked, “The challenges we face demand joint solutions. By working together, we can move faster and further to build a fairer financial system and support countries most in need. The EIB’s new financing initiatives, particularly for Ukraine and climate-affected nations, reflect our ongoing commitment to addressing these critical issues.”

Background information

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It is active in more than 160 countries and provides long-term finance for individual projects and strategic partnerships contributing to EU priorities and policy goals.

EIB Global is the EIB Group’s specialised arm dedicated to investments outside the EU, building  international partnerships and financing projects contributing to development and climate action EIB Global brings the Group closer to local people, companies and institutions through our offices across the world.

Media Contacts:

Shirin Wheeler
s.wheeler@eib.org
+32 474 242494

Monica Faro
m.faro@eib.org
+352 4379-71105

Press Office

press@eib.org
+352 43791

SOURCE: European Investment Bank