Tankler Allar
- European Investment Bank
- Communication Department
- 98-100 Boulevard Kondad Adenauer
- 2950 Luxembourg
- Luxembourg
Water supply and management and the ocean ecosystem across the Caribbean will receive much-needed support thanks to a new joint initiative announced today by the European Investment Bank (EIB) and the Caribbean Development Bank (CDB). A €100 million ($109.4 million) loan from the EIB will boost CDB support to projects that secure the supply of clean water, improve collection and treatment of wastewater and solid waste and upgrade flood prevention. The investments will help countries adapt to more frequent periods of drought or intense rain caused by climate change and contribute to environmental sustainability through reduced ocean pollution.
Two new publications by Global Emerging Markets Risk Database (GEMs) Consortium provide granular default and recovery patterns for over three decades of development finance, and highlight the key drivers of investment risk in emerging markets and developing economies (EMDEs).
The European Investment Bank (EIB Global) has signed agreements with seven EU Member States pledging just over €74 million to a new envelope under the ACP Trust Fund. This funding will promote inclusive and sustainable economic growth and human development, especially in least developed countries and fragile states in Africa, the Caribbean and the Pacific. The ACP Trust Fund envelope supported by EU Member States will target EU Global Gateway projects in ACP countries and support the UN’s Agenda 2030 as well as the Sustainable Development Goals.