Antonie Kerwien
- European Investment Bank
- Communication Department
- 98-100, boulevard Konrad Adenauer
- L-2950 Luxembourg
- Luxembourg
Today, the European Investment Bank (EIB) and eight Multilateral Development Banks (MDBs) committed to enhancing water security globally through a joint statement delivered at the One Water Summit in Riyad, Saudi Arabia. The Summit, held alongside COP16 on desertification, brings together the heads of state and government to shape an agenda for international cooperation on water. The joint declaration aims to significantly increase support to the water sector in the five years between 2025 and 2030, particularly in vulnerable regions.
Today, the European Commission and the European Investment Bank (EIB) are announcing a new partnership to support investments in the EU’s battery manufacturing sector. This partnership will see a €200 million top-up (loan guarantee) to the InvestEU programme from the EU Innovation Fund. It comes in addition to €1 billion in grants to support electric vehicle battery cell manufacturing projects via the Innovation Fund, also announced today. As part of the new partnership, the EIB envisages investing a further €1.8 billion in the wider battery value chain. These joint efforts will result in €3 billion of public support in total for the development of a competitive and sustainable European battery industry.
Today, participating G7 development finance institutions (DFIs), MedAccess, the European Investment Bank (EIB), and the International Finance Corporation (IFC) announced the signing of a memorandum of understanding (MoU) for the Surge Financing Initiative for Medical Countermeasures (MCMs). These DFIs are working closely with global and regional health organizations to establish the collaboration frameworks and innovative financing mechanisms needed to support a rapid and equitable pandemic response. Building on lessons from the COVID-19 pandemic, the initiative will focus on the procurement, production, and distribution of vaccines, therapeutics, diagnostics, and other MCMs for low- and lower-middle-income countries. The MoU builds on the Joint Statement of Collaboration announced at UNGA last year as well as the Chair Summary and Report that outlined collaboration and innovating financing options. This effort is a joint collaboration between participating G7 DFIs, MedAccess, EIB, and IFC, in accord with G7 Hiroshima Vision for Equitable Access to Medical Countermeasures launched at the 2023 Hiroshima Summit and reaffirmed at the 2024 Apulia Summit.