EIB committed to support LDCs

 

EIB  committed to support LDCs.

On  March 2, in order to accelerating sustainable development around the world, the European Investment Bank EIB (EIB ),   announced in the press release  that it will  join the United Nations (UN) 5th Conference for Least Developed Countries (LDC5), taking place from the 5th to the 9th of March 2023  in Doha, Qatar.

The Vice-President Thomas Östros who will represent that bank  will take opportunity to open the private sector forum and participate in the discussions on structural transformation. The Bank will co-host the High-Level Roundtable on “Investing in People’s Health through Global Gateway” together with the European Commission’s Directorate-General for International Partnerships, states the press release.

EIB Global, the new development arm of the EIB Group, will also announce, alongside its partners, support for private sector development and for transformative projects in Least Developed Countries, including in Gambia and Guinea-Bissau, in the green energy, transport, and water sectors. The EU’s Global Gateway strategy was designed to mobilize around €300 billion for sustainable investment around the world.

Talking about the conference, EIB Vice-President Thomas Östros went on and said: ''The current multiple crisis and conflicts happening in different parts of the world cannot deviate us from delivering the UN Sustainable Development Goals and accompanying the prosperity and resilience of Least Developed Countries. Partnerships with the private sector are essential to boost sustainable growth and create jobs. Together with our Team Europe partners and in line with the EU Global Gateway strategy, we are committed to mobilize long-term investment that will unlock opportunities and improve people’s lives across the world''.

We come to this UN summit with a determination to make transformative projects in countries and communities that need them most, a reality. Poverty, hunger, and disease are putting at threat the prosperity of communities. Many of them are also particularly vulnerable to climate change. But working together, in partnership, we can ensure through economic development and sustainable infrastructure that these challenges are overcome, added Maria Shaw Barragan, EIB Global’s Head of Lending for Africa, Asia, Pacific and Latin America

During the conference, EIB Global will particularly focus on the importance of universal health coverage that will be the theme of the roundtable co-organized with the European Commission. This side event will look at ways to increase access to health-care services, essential medicines, diagnostics, vaccines, and other health technologies, notably through.

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.  EIB Global is the EIB Group’s specialized arm dedicated to increasing the impact of international partnerships and development finance.  EIB Global is designed to foster strong, focused partnership within Team Europe, alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across.