News

Brussels
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28/06/2022

During the European Development Days (EDDs), the European Investment Bank (EIB) and the European Commission have announced a Contribution Agreement of EUR 17.5m from the Caribbean Investment Facility (CIF) to support the Caribbean Sustainable Water Management and Clean Oceans Programme. The event was attended by the Prime Minister of Belize and CARICOM Chairman, John Briceño, and the Ambassador of the Dominican Republic to the European Union (EU), Iván Ogando. This funding aims at improving climate resilience and contributes to healthy oceans through new investments in security of water supply, wastewater treatment, solid waste and storm-water management across the region.

Potosí, Bolivia
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28/06/2022

We invite you to watch and share the first of a series of videos prepared by the European Investment Bank (EIB) to learn more about the “Cosechando Agua, Sembrando Luz” project in Potosí, Bolivia and witness people living and working in Potosí share how the project positively impacted on their lives.

Kingston, Jamaica
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13/06/2022

Kingston, Jamaica. The European Union (EU) has contributed a non-reimbursable seven million euros towards Jamaica’s Boosting Innovation, Growth, and Entrepreneurship (BIGEE) Programme. Finance Minister and Chairman of the boards of governors of the Inter-American Development Bank (IDB) Dr. Nigel Clarke made the announcement, he said the grant will be used to complement the BIGEE Loan Programme.

Finance Minister Dr. Nigel Clarke who was speaking at the visibility ceremony noted that the BIGEE programme was funded through a loan of 25 million US dollars in support of the government’s thrust to improve Jamaica’s business and entrepreneurship landscape.

Source: OECD
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09/06/2022

Spain’s first social impact fund, the Huruma Fund, helps to fill the funding gap for smallholder and marginalised farmers in partner countries. The fund – a partnership between Spain, the European Union and private sector investors – shows how public resources can be used efficiently to attract private investment in areas of high risk but with a large impact on poverty.

Read complete article: https://www.oecd.org/development-cooperation-learning/practices/spain-s-huruma-fund-attracting-private-investment-for-smallholder-agriculture-04e5851b/

Kingston, Jamaica
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07/06/2022

The Government of Jamaica, through the Ministry of Finance and the Public Service held a visibility ceremony, on the Financing Agreement with the European Union (EU), to address Environmental and Climate Change challenges through the improved Forest Management in Jamaica Programme. Minister of Finance and the Public Service, Hon. Nigel Clarke, DPhil., M.P. in his opening remarks, used the opportunity to recognise what he called “an incredible partnership” between the government of Jamaica and the European Union.

Photo credits: EIB, Shutterstock

Written by: EIB
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31/05/2022

The European Investment Bank (EIB), the EU bank, continued to support Latin America and the Caribbean, providing €742 million of financing for 11 projects in 2021. These funds contribute to sustainable and inclusive development in the region, and to promoting climate action.

The majority of EIB loans in the region in 2021 were provided for public sector borrowers, with a climate action and environmental sustainability focus. In addition, in 2021 the EIB supported the renewable energy sector through loans to two private sector project developers totalling €315 million. The EIB also continued to provide COVID-19 support through direct sovereign loans to purchase vaccines and improve health resilience.

 

Brussels
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19/05/2022

The European Development Days (EDD) are Europe’s leading forum on international partnerships, organised by the European Commission. The forum, which is headquartered in Brussels, brings key actors together to share ideas and experiences in ways that inspire new partnerships and innovative solutions to the world’s most pressing challenges. EDD 2022 will be a hybrid event for people interested in creating sustainable partnerships for a connected world.

For its 15th edition, the EDD will focus on “Global Gateway: building sustainable partnerships for a connected world.” Global Gateway is the new European Strategy to boost smart, clean and secure links in digital, energy and transport and strengthen health, education and research systems across the world.

Article written by: AECID
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09/05/2022

Latin America is one of the worlds´s richest regions in terms of water resources. However, its inhabitants do not enjoy ensured access. In the Latin America and Caribbean region, 222 million people do not have access to safe drinking water (and 25 million live without access to basic water services). Related to sanitation, the figures are even worst: 495 million lack safe sanitation, and there are still almost 89 million people in the region without basic sanitation services. The challenges on the continent remain many. Inequality in the right to water and sanitation is evident: between urban and rural areas, between men and women, or between non-indigenous and indigenous populations.

UNEP FI
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28/04/2022

The sustainable finance training services are part of the effort to fulfil UNEP FI's mission to "identify, promote and adopt environmental and sustainability best practices at all levels of financial institutions' operations".

The primary objective of UNEP FI's training services is to raise awareness and build capacity in sustainable finance among UNEP FI Signatories and other financial institutions, as well as other relevant stakeholders, such as government, academia and others, especially in developing countries and emerging markets.

Trainings and their links:

UNEP FI
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27/04/2022

UNEP FI. Since 2007, UNEP FI has offered an Online Course on "Climate Change: Risks and Opportunities for the Financial Sector".

As understanding among financial institutions of the risks and opportunities imposed by climate change becomes more nuanced and sophisticated, and given the recent emergence of corresponding assessment and disclosure logics, first and foremost those supported by the 2017 recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD), there is now a need for new climate change training tailored to the financial services sector.