The European Investment Bank will maintain its investment in climate, gender, and health despite its increased focus on defense and competitiveness within the European Union, said EIB President Nadia Calviño in response to questions posed by Devex at the annual EIB Global Forum in Luxembourg this week.
EIB will invest $1 billion in Mission 300, a joint initiative by the World Bank Group and the African Development Bank meant to provide electricity to 300 million people in sub-Saharan Africa by 2030.
It will also expand its existing financing of vaccine manufacturing in Senegal, Rwanda, and Ghana to now include South Africa as well. The vaccines will target cholera, polio, and pneumonia, Calviño said.
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About the author
Jesse Chase-Lubitz
Jesse Chase-Lubitz covers climate change and multilateral development banks for Devex. She previously worked at Nature Magazine, where she received a Pulitzer grant for an investigation into land reclamation. She has written for outlets such as Al Jazeera, Bloomberg, the Organized Crime and Corruption Reporting Project, and The Japan Times, among others. Jesse holds a master’s degree in Environmental Policy and Regulation from the London School of Economics.
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