EBRD and EU step up support for strategic transport projects in Western Balkans

€123 million in EU grants and €190.5 million in EBRD loans to foster connectivity and regional integration The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and bilateral donors are further improving the transport connections in the Western Balkans that are crucial to the development of competitive, green and integrated economies in the region. […]

Governor for Uzbekistan addresses EBRD Board of Directors

Launch of broad reform programme allows the Bank to re-engage in Central Asian republic Sodiq Safoev, the First Deputy Chairman of the Senate of Uzbekistan and EBRD Governor for Uzbekistan, addressed the EBRD Board of Directors in London on Wednesday. It was the first high-level visit of a Uzbek official since the resumption of the […]

Twenty Belarusian cities join EU initiative for climate and energy action

Twenty Belarusian cities have become new members of the EU-funded initiative “Covenant of Mayors East”. The official ceremony of the signature of the agreement took place at the regional conference “Covenant of Mayors: joint actions in the field of climate and energy” on 13 December in Minsk, Belarus. The two-day regional conference for municipalities of […]

Together Major Development Finance Institutions Align Financial Flows with the Paris Agreement

The global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public and private, […]

Development groups step up collaboration to achieve Paris Agreement climate goals

FC and MDBs team up to align financial flows with Paris accord The world’s leading development finance institutions have pledged to step up their collaboration to achieve ambitious goals set under the 2015 Paris Agreement. In a statement released at the One Planet climate summit in Paris, heads of the major multilateral development banks (MDBs) […]

Together major development finance institutions align financial flows with the Paris Agreement

Joint IDFC-MDB statementThe global development agenda is being transformed in fundamental ways. The Sustainable Development Goals (SDGs), agreed upon by the international community, constitute a universal compass, highlighting the need for systemic and collective action for sustainable, equitable and inclusive development for everyone on this planet. The imperative for mobilizing and shifting financial flows, public […]

GCF highlights success in mobilising finance to deliver climate action

PARIS, 12 DEC 2017 Executive Director Howard Bamsey highlighted the ability of the Green Climate Fund to scale-up, innovate, and deliver climate finance in his speech to the One Planet Summit. Addressing the audience of global leaders, climate activists, and financial institutions, Mr Bamsey emphasised that GCF is responding to its given role of serving the […]

EBRD President attends One Planet climate summit in Paris

Bank and global community stepping up effort to combat climate change The European Bank for Reconstruction and Development (EBRD) joined other global development organisations in stepping up the momentum for global climate action at the One Planet climate summit in Paris today. EBRD President Sir Suma Chakrabarti also told government leaders and other senior officials at the Paris […]

EBRD and global cities group scale up green urban financing

Supporting city climate projects worth US$ 1.5 billion with Global Covenant of Mayors, EU and Bloomberg The EBRD has teamed up with a leading group of mayors from around the world to speed up and increase the delivery of finance and support for climate action across dozens of cities. At the One Planet climate summit […]

GCF to showcase transformational potential of climate finance at One Planet Summit

PARIS, 11 DEC 2017 The Green Climate Fund attends President Macron’s One Planet Summit on climate finance this week, ready to share its experiences of investing climate finance to support low-emission and climate-resilient development, and of how public climate funds can successfully leverage private capital. The One Planet Summit takes place in Paris on 12 December, […]