Vanessa Paul
- European Investment Bank
- 98-100, boulevard Konrad Adenauer
- L-2950 Luxembourg
- Luxembourg
European Investment Bank (EIB) Group President Nadia Calviño has announced a €3 billion financing package for agriculture, forestry and fisheries across Europe along with moves to bolster farm insurance. The EIB Group loans will be matched by other participating financial institutions, unlocking close to €8.4 billion of long-term investments for the bioeconomy sector.
G7 Public Development Banks (PDBs) and Development Financial Institutions (DFIs) are joining forces to enhance food security and sustainable agriculture in emerging markets. Through a new coordination mechanism set up by Italy’s Cassa Depositi e Prestiti (CDP), the Group of Seven PDBs and DFIs are teaming up in the “Collaborative on Sustainable Food Systems”.
The European Investment Bank (EIB) Group exceeded its targets for cohesion financing across the EU in 2023, supporting projects to mitigate regional disparities. The third annual report on “EIB Group activities in EU cohesion regions” highlights how targeted support unlocks regional potential and has a direct impact on improving people’s lives. It also underlines that regional convergence across the EU requires more social investments and connectivity.