Offering credit to East African banks might not be many people’s idea of traditional development aid. Yet promoting private small and medium enterprise, alongside funding for infrastructure projects that will help develop local businesses, lies at the heart of the new strategy for Africa.
At the COP23 summit in Bonn, Luxembourg's finance and environment ministers joined with directors of the European Investment Bank to launch a de-risking mechanism that will allow financing of climate-friendly projects.
Former Greek finance minister Yanis Varoufakis supports Macron’s federalist proposals on the euro single currency but believes only a real threat could make Germany budge on the issue. EURACTIV France reports.
The European anti-fraud office that is investigating whether Volkswagen used EU funds and European Investment Bank (EIB) loans to develop devices that cheated emission tests has sent its judicial recommendations to German prosecutors.
The European Investment Bank (EIB) has approved new financing worth €12.4 billion for projects in transport, including a new metro line in Paris, infrastructure and energy, the bank said on Tuesday (18 July).
Despite Brexit, the threat of populism and the hostile winds blowing from Washington, the European Union has "much to celebrate", the European Investment bank’s Vice-President Román Escolano said in an interview with EuroEFE.
At a time of rising inequality across Europe, the European Investment Bank and the World Economic Forum have jointly sounded the alarm bell and called for social inclusion to become an organic part of EU economic policy.
Spain is one of the main beneficiaries of the Juncker Plan, according to European Investment Bank Vice-President Román Escolano, after a year in which the EU bank focused on financing SMEs. Euractiv Spain reports.
The EU executive announced today (26 January) the first steps towards legislation on the burning of waste for energy, and that it would work with the European Investment Bank to spur financial backing for projects supporting the shift to a circular economy.
A major contributor to the European Fund for Strategic Investments (EFSI) and the main beneficiary of the Juncker Plan, a post-Brexit United Kingdom will have to learn to live without EU investment. EURACTIV France reports.
The European Investment Bank (EIB) has decided to put “on hold” any new loan to Volkswagen, after the bank concluded that part of its funds could have been involved in the emission scandal affecting the diesel vehicles.
France's Minister for the Economy, Emmanuel Macron, insisted on the need for a €4-€5 billion European digital investment fund at the French-German digital conference on Tuesday (27 October). EURACTIV France reports.
The European Investment Bank is trying to cool local governments' scepticism over the Juncker Plan, an investment strategy that EU officials hope will pump €315 billion into infrastructure projects around the EU by 2017.
Europe needs to mobilise much more than €315 billion to embark in the transformation of its economy, create millions of jobs, create new business opportunities and create a genuine post-carbon society, said Jeremy Rifkin in an interview with EURACTIV.