EIB NEWS

Following the Finance In Common Summit held in November 2020 and in preparation for the Summit on Financing African Economies to be convened by President Emmanuel Macron on 18 May, the African Development Bank, the African Public Development Banks in collaboration with the Association of African Development Finance Institutions (AADFI) and the International Development Finance Club (IDFC), hosted the Finance in Common Spring Meeting, dedicated to “Africa’s green and resilient recovery: a common objective”.

Vice President of the EIB Teresa Czerwinska and Mukhtar Tleuberdi, Deputy Prime Minister and Minister of Foreign Affairs of the Republic of Kazakhstan met ahead of the 18th EU-Kazakhstan Cooperation Council to review the EIB – Kazakhstan cooperation and investment.

The European Investment Bank (EIB), the EU climate bank, together with European Bank for Reconstruction and Development (EBRD) and PROPARCO, a subsidiary of Agence Française de Développement (AFD), will invest €87.4m in construction of Total Eren`s 100 mw photovoltaic solar plant near the ancient city of Samarkand in Uzbekistan.

The European Investment Bank, the European Union, the European Bank for Reconstruction and Development and Japan jointly donated EUR 400,000 worth of specialized equipment to Kyrgyzstani city of Uzgen allowing this ancient trading post to upgrade its water and wastewater services.

The European Investment Bank (EIB) and the Asian Development Bank (ADB) signed a Procurement Procedural Framework to improve implementation and monitoring of public sector projects in Asia jointly financed by the two financial institutions.

The EIB and the Portuguese Presidency of the Council of the EU welcomed policy leaders, business representatives, development financial institutions and academia at the High-Level EU-Africa Green Investment Forum (eib.org). Attended by more than 5000 people, the forum explored solutions from the public and private sectors to boost sustainable development and green investment in Africa.

With these financing operations in the energy and water sectors, the European Investment Bank aims to promote the development of a green economy in Africa whilst continuing to support small businesses and the healthcare sector.