The European Investment Bank (EIB) seeks to promote development, particularly focusing on climate change mitigation, economic and infrastructure development, renewable energy, urban transport, and water. The EIB group has eight core strategic priorities: (i) climate action and environmental sustainability, (ii) digitalization and technological innovation, (iii) security and defense, (iv) modern cohesion policy, (v) agriculture and bioeconomy, (vi) social infrastructure, (vii) high-impact global investment, and (viii) capital markets union. These priorities aim to accelerate the green transition, boost technological innovation, bolster security and defense, support regional cohesion, and social infrastructure development.
The EIB Climate Roadmap 2021–2025 outlines its strategic approach to supporting the European Green Deal and achieving carbon-neutrality by 2050. It also started its transformative action to be recognized as the European Union’s climate bank. The EIB also developed the Clean and Sustainable Ocean Programme, which aims to support the health and sustainability of the world’s oceans. This program is closely aligned with ADB’s Healthy Oceans Action Plan. The common countries where ADB and the EIB operate are Armenia, Bangladesh, Fiji, Georgia, India, the Lao People’s Democratic Republic, Maldives, Mongolia, Nepal, Papua New Guinea, Sri Lanka, and Viet Nam.
12 November 2024
Multilateral development banks issued a joint statement at the Conference of the Parties 29 in Baku, outlining financial support and other measures for countries to achieve ambitious climate outcomes.
23 October 2024
ADB approved a $200 million loan to help upgrade water supply, sanitation, urban mobility, and other urban services to enhance the quality of life and climate resilience of the people in Uttarakhand state in India.
24 July 2024
ADB approved a $200 million loan to expand metro rail corridors and improve transport connectivity in Nagpur, India.
15 October 2024
Two new publications released today by the GEMs Consortium—a group of 26 multilateral development banks and development finance institutions—provide further insights on the level of credit risk in emerging markets and developing economies, according to the investment experience of consortium members.
11 January 2024
The Government of Mongolia and ADB signed loan and grant agreements totaling $168.2 million for the first tranche of an investment program to support green and inclusive development of Mongolia’s aimags (provinces) and soums (subprovinces).
18 December 2024
ADB approved a €236 million ($257 million equivalent) loan to support the construction of a road section in the Syunik region of Armenia that will help enhance regional connectivity, foster economic growth, and promote climate resilience.
The video shows how ADB, together with the European Investment Bank, is providing main trunk infrastructure, priority socioeconomic facilities, and public spaces to upgrade urban subcenters in the ger areas of Ulaanbaatar city.
See how ADB and other international finance institutions are partnering to address the climate change crisis.
The Lao People’s Democratic Republic aims to transform Vientiane, its fast-growing capital, into a sustainable city with support from ADB and cofinancing partners European Union’s Asia Investment Facility, European Investment Bank, Global Environment Facility, and the OPEC Fund for International Development.
Maldives is poised to become a model for green energy systems through a project now transforming their diesel-fueled electric grids into a hybrid renewable energy power system.
ADB and the European Investment Bank collaborated on several knowledge products and events including the following:
Thomas Östros, vice president of the European Investment Bank, was one of the high-level speakers at the event co-organized by ADB and the World Bank, which introduced the new Roadmap for Climate-Health Finance and Action of the Development Bank Working Group.
In this edition of Evaluation HEAD-lines by ADB’s Independent Evaluation Department, Jan Willem van der Kaaij, inspector general of the European Investment Bank (EIB), and Sabine Bernabè, head of the Operations Evaluation Unit of EIB, talked about how the European Union and EIB were responding to the coronavirus crisis, how EIB’s evaluation division was supporting the bank during this time, the crucial role of evaluations in this context, and how the crisis was opening up new horizons for evaluation functions.
This fact sheet provides an overview of the European Investment Bank’s financing partnership with ADB, including its development goals in Asia and the Pacific, and priority regions and countries with focus areas.
On the International Day for the Elimination of Violence Against Women in 2024, multilateral development banks were united in their efforts to create a world where women and girls live free from violence.
The European Investment Bank contributes to ADB’s development initiatives through cofinancing.
In 2021, ADB and European Investment Bank signed a memorandum of understanding setting out areas of cooperation in Asia and the Pacific over the next 5 years. The institutions agreed to work on cofinancing projects and technical assistance activities focusing on climate action and environmental sustainability, including opportunities to collaborate on private sector participation.
Sovereign Cofinancing. In 2024, the European Investment Bank (EIB) provided a $418.2 million loan cofinancing to India for the Nagpur Metro Urban Mobility Project and for financing the government of Uttarakhand’s overall water supply, sanitation, and urban development project on a parallel basis with the Uttarakhand Livability Improvement Project. In addition, the EIB provided $52.9 million loan cofinancing and $10.5 million grant cofinancing from the Asia Investment Facility of the European Union for the tranche 1 of Mongolia’s Aimags and Soums Green Regional Development Investment Program.
