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.