About: development banks
Development banks make landmark climate pledge, but no fossil fuel phase out
The world’s public development banks on Wednesday (11 November) pledged to align their financial firepower with the Paris Agreement on climate change, but avoided a firm commitment to phase out fossil fuel financing. As a source of funding for many...
It’s time for recovery finance to step up
Development banks and finance institutions must step up if we are to make the sustainable recovery needed after the COVID-19 pandemic, write Rachel Kyte and Laurence Tubiana.
The EU’s bank in Africa steps up the action
Whether or not Jean-Claude Juncker’s plans for a "partnership of equals" with Africa becomes reality any time soon, the Luxembourg-based European Investment Bank will have an ever-increasing role in the continent.
Taking development finance private
The EU’s External Investment Plan (EIP) is the latest addition to the increasingly cluttered landscape of public-private development finance. The EIP's future shape and the role it can play was one of the hot topics at the European Development Days on 5-6 June.
Don’t leave women out of EU investment programme, Commission is told
The issue of how the EU's External Investment Plan can help empower women and girls dominated the agenda at the European Development Days on Tuesday (5 June), as some panellists voiced concern that it might be marginalised in the final big picture.
EU budget promises sweeping changes to development policy
The development policy community is anxiously awaiting an overhaul of the EU’s development budget and the instruments used to spend it, when the European Commission publishes its communication on Wednesday (2 May) for the bloc’s next seven year budget.
Development banks join forces to tackle climate change
Director general of French development agency (AFD) was appointed to lead the International Development Finance Club (IDFC), uniting credit institutions worth $3,000 billion. Their objective: to throw their weight behind sustainable development. EURACTIV France reports.
Development billions channelled through tax havens
Public institutions providing finance to businesses in developing countries are channelling billions of euros through secretive tax havens, a report published today (4 November) has found.
Development billions loaned to Western companies and investment banks
Billions of euros of public money are channelled into private sector projects in developing countries by organisations that favour Western companies and investment banks, and exclude the nations they should support, a report published today (10 July) has found.
EIB’s €5 billion budget cut will hit Arab Spring countries hardest
The European Investment Bank says that a €5 billion cut in the EU Guarantee Fund insuring its external lending, will force an equal cut of 15% in its funding pool for the 2014-2020 budget that will hit ‘neighbourhood’ states such as Egypt and Syria hardest.