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.”
About the author
Helen Murphy
Helen is an award-winning journalist and Senior Editor at Devex, where she edits coverage on global development in the Americas. Based in Colombia, she previously covered war, politics, financial markets, and general news for Reuters, where she headed the bureau, and for Bloomberg in Colombia and Argentina, where she witnessed the financial meltdown. She started her career in London as a reporter for Euromoney Publications before moving to Hong Kong to work for a daily newspaper.
