The European Investment Bank, or EIB, is putting its global strategy at the core of its development agenda, aiming to raise annual financing to up to €10 billion ($10.7 billion) and sharpen its focus on impact outside the European Union, President Nadia Calviño said during her debut at the World Bank and IMF annual meetings.
“Our aim is to increase our annual financing up to €10 billion and to be more focused and impact-oriented,” Calviño told Editor-in-Chief Raj Kumar at a Devex Impact House @ World Bank-IMF event just as the news was released. The financing will run through 2027.
Ukraine is “right now our top priority,” she added, with €4 billion already mobilized to support the country, while other regions — from the Western Balkans to sub-Saharan Africa, Asia, and Latin America — will see “a more targeted, differentiated approach.”