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Latest in Tag: EIB


EIB announces new support for Egypt’s own green transition at COP27

EIB announces new support for Egypt’s own green transition at COP27

The COP27 offered an opportunity for the EIB to cement cooperation and joint projects, including newly announced cooperation with Egypt in financing the NWFE programme’s pillars. Additionally, the European Investment Fund, which is part of the EIB Group, announced new financing that will support climate action investment with €2.5bn.

Daily News Egypt

EIB to continue partnership with Egypt to support its ambitious National Climate Change Strategy 2050: EIB President

EIB to continue partnership with Egypt to support its ambitious National Climate Change Strategy 2050: EIB President

During press conference at COP27 in Sharm El-Sheikh on Monday, Hoyer added, “ At the same time the Intergovernmental Panel on Climate Change issued several dire warnings that the window to limit global warming and adapt to climate change impacts is rapidly closing. The United Nations just released a report saying the climate plans of parties under the Paris Agreement would put the world on track for around 2.5 degrees Celsius of warming by the end of the century.”

Daily News Egypt

WhatsApp Image 2022 04 24 at 10.03.47 AM

Egypt, EIB discuss cooperation within framework of COP 27

The meeting discussed proposals made by the EIB to cooperate with the Egyptian government within the framework of Egypt’s presidency of the UN Conference of Parties on Climate Change (COP 27), which will be held in Sharm El-Sheikh this November, noting the importance of relations with international financial institutions to advance efforts to implement climate pledges and provide innovative financing to enhance the role of the private sector in sustainable development.

Daily News Egypt

AfDB, EIB sign action plan to fast-track development in Africa

AfDB, EIB sign action plan to fast-track development in Africa

The African Development Bank (AfDB) and the European Investment Bank (EIB) signed, on Wednesday, a joint partnership action plan highlighting their strengthened cooperation and mutual development priorities. The partnership also aims to showcase a strong shared emphasis on boosting public and private sector investment in Africa. The Joint Action Plan enables both institutions to grow …

Shaimaa Al-Aees