The world economic outlook, development, poverty eradication… The Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) bring together multilateral development banks (MDBs), central bankers, ministers of finance, private sector executives and representatives of civil society to discuss issues of global concern.
As a key player in international development, the European Investment Bank participates in the 2018 Spring Meetings through a delegation led by President Werner Hoyer.
Convened by the Dutch Minister for Foreign Trade and Development Cooperation and the British Secretary of State for International Development, ten International Financial Institutions have reaffirmed their commitment to high standards of ethical behaviour across institutions.
Acting on behalf of the Global Emerging Markets Risk Database Consortium, EIB President Werner Hoyer and Managing Director and Chief Financial Officer of the World Bank, Joaquim Levy, signed a membership agreement during the Spring Meetings, making the IBRD the nineteenth member of the Consortium.
The Inter-American Development Bank and the EIB have formally expanded their partnership through a new Memorandum of Understanding reflecting the partners’ commitment to advance development in Latin America and the Caribbean through blended finance, co-financing, and knowledge sharing.
EIB Vice-President Vazil Hudák joined two events dedicated to resilient and smart cities, organised in the framework of the 2018 WBG/IMF Spring Meetings.
The World Bank Group ‘Resilience Dialogue - The Future of Resilience: Banking on Cities’ and the Atlantic Council ‘Smart Cities, Smart Investment, Bright Future? Europe’s Mission to Innovate’ events debated how cities can better access and use financing for investments in resilience, and discussed the role that private sector investors can play.
Seven Multilateral Development Banks (MDBs) launched a new platform to enhance their collaboration on economic migration and forced displacement today on the margins of the IMF-World Bank Group Spring Meetings. The platform will advance strategic dialogue and operational coordination to maximize the impact of MDBs’ growing engagement in these two areas.
Speaking at the joint World Bank and European Commission high-level stakeholder roundtable “Crowding in Private Investments for Jobs & Sustainable Development: maximizing the Job Potential of Innovative Financing Tools”, EIB Vice-President Ambroise Fayolle reaffirmed the predominant place of private sector development in the EU Bank’s business model.
Today, the European Investment Bank (EIB), the EU Bank, and the International Monetary Fund (IMF), signed a Letter of Understanding to pool their expertise and experience to promote sustainable economic development, financial stability and inclusive growth in Africa. The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF), and will launch a new course with the IMF on financial intermediation and financial inclusion. As well as funding, the EIB will provide guidance to the AFRITACs and FSSF by participating in their governing bodies.
As Bushra Al-Obaidi confidently works away in her thriving handicraft shop in the centre of Amman, Jordan and promotes her beautiful products online it is hard to believe that, not long ago, she was struggling to send her children to college or even put food on the table.
This is the first essay in the Big Ideas series created by the European Investment Bank. The EIB has invited international thought leaders to write about the most important issues of the day. These essays are a reminder that we need new thinking to protect the environment, promote equality and improve people’s lives around the globe.
The findings, interpretations and conclusions are those of the authors and do not necessarily reflect the views of the European Investment Bank.
Following a call from the European Council, the European Investment Bank is rolling-out the Economic Resilience Initiative. The initiative aims at rapidly mobilising additional financing in support of the capacity of economies in the Southern Neighbourhood and Western Balkans regions to absorb and respond to crises and shocks, such as the Syrian refugee crisis, while maintaining strong growth.
Gender equality is one of the founding values of the European Union, and a key objective of the Sustainable Development Goals.
It is also smart economics: empowering women is key to enhance business productivity and to catalyse economic growth, social cohesion and social justice.
Guided by EU policy, including commitments to the Paris Agreement on Climate Action and to the United Nations Sustainable Development Goals, the EIB Group fosters sustainable growth within the EU and abroad. This approach drives all of our initiatives, products and activities.