In the European Investment Bank's (EIB) Global Report: The Impact and the Story, subjects that are relevant to the bank's work in Africa include resilience to the current global crises, vaccine coverage in the region, development finance in support of economic dynamism in sub-Saharan Africa and credit accessibility in the formal versus the informal sector.
The Impact
The European Investment Bank has a long track record as a provider of development and climate finance, working with EU institutions, Member States and partner countries in the EU neighbourhood, sub-Saharan Africa and around the world to foster sustainable development and bring real benefits to people’s lives. The challenges faced by our partners around the world are many: economies struggle to provide adequate jobs and basic infrastructure, while dealing with the growing needs for climate action and protection of the environment. These challenges have been aggravated by the COVID-19 pandemic and the ramifications of the conflict in Ukraine.
As of the start of 2022, the EIB’s development finance role is being taken forward and intensified through EIB Global. The new structure builds on the strength and experience that the EIB has gained working outside Europe to mobilise more development and climate finance, and increase impact.
This report provides an overview of the Bank’s activities outside the European Union in 2021, with a focus on the expected results, complemented by reporting on the results already achieved by past operations. In addition, it elaborates on the context of the Bank’s engagement in countries outside Europe, examining different development challenges and how they confront different regions, drawing on our own development research.
Please read the full report here.
The Story
The world is beset by crises that are reshaping societies, economies, healthcare systems, transport and workplaces. Many parts of our lives are changing. The greatest challenges, such as COVID-19, climate change, poverty and equality, will require larger investments and more partnerships as this decade progresses. No single institution can meet the world’s needs for innovation and cooperation. EIB Global Report: The Story illustrates why we created a new development branch by telling more than a dozen stories that discuss how we can meet challenges in areas such as gender equality, innovation, vaccines and green energy.
Please read the full report here.