Improving lives around the world
Poverty, inequality, environmental degradation, climate change—the world faces enormous challenges. The European Investment Bank helps low- and middle-income countries find innovative solutions to promote sustainable growth, human rights, reduce poverty and inequality, and improve lives.
In September 2021, the EIB Board of Directors approved the Bank’s proposal to set up a development branch to increase the impact of its activities outside the European Union. Through its development branch, the EIB will reorganise its activities outside the European Union and increase its presence on the ground, developing more targeted strategies and services in close cooperation with partners.
In November 2021, EIB President Werner Hoyer and Vice-President Thomas Östros formally opened the EIB’s new Nairobi Hub with Kenyan Finance Minister, Cabinet Secretary Ukur Kanacho Yatani. The Hub will open a new chapter for the bank’s cooperation with Kenyan, African, Team Europe and global partners, allowing the EIB to better respond to private and public investment priorities, building on best practices.
