The European Union, including the European Investment Bank (EIB), and partner development finance institutions have signed the Global Green Bond Initiative (GGBI) Fund, a new public-private investment tool to mobilise up to €20 billion of private capital for sustainable infrastructure projects in low- and middle-income countries. The GGBI Fund is one of the three pillars of the Global Green Bond Initiative, a flagship of the EU's Global Gateway strategy. It aims to unlock up to €3 billion in green bonds in partner countries...

Lyceum No. 12 in Kovel, northwestern Ukraine, has been upgraded under the EIB’s Ukraine Public Buildings Energy Efficiency Programme, backed by an EU guarantee under the Ukraine Facility. The renovated facility includes energy-efficient solutions, improved heating and engineering systems. The project improves learning conditions for over 1,200 students and staff while reducing energy consumption and costs. Lyceum No. 12 in the city of Kovel, Volyn oblast, has reopened following a comprehensive energy-efficiency modernisation, improving learning conditions for more than...

European Commission extends the EU guarantee to enable over €450 million in EIB Group financing for Ukraine. Fresh financing also includes around €150 million in EU grants and technical assistance. Initiative is part of EU Ukraine Facility to support country’s reconstruction and EU integration. The European Commission and the European Investment Bank (EIB) Group today announced a new financing package of more than €600 million to support urgent reconstruction projects in Ukraine. The Commission is extending the European Union guarantee...

€75 million EIB Group quasi-equity investment to support Africa’s first end-to-end multi-vaccine manufacturing facility in South Africa enables an additional $20  million and further mobilization in senior financing from the IFC. This investment is backed by a European Commission EFSD+ guarantee under the Human Development Accelerator (HDX), part of the EU's Global Gateway strategy. Project to produce key vaccines for cholera, polio, meningitis and pneumonia, strengthening the prevention of serious infectious diseases in children. More than 340 skilled and...

Yesterday, the U.S. International Development Corporation (DFC) co-hosted the U.S.-Ukraine Partnership Forum with the U.S. Chamber of Commerce to convene U.S. and Ukrainian government officials, senior business executives, and other thought leaders to advance Ukraine's reconstruction, recovery, and modernization efforts. DFC CEO Ben Black gave opening remarks, DFC Chief of Staff and Head of Investments Conor Coleman spoke on a panel entitled “Financing Ukraine’s Industrial Recovery,” and DFC Associate General Counsel Jonathan Taylor spoke on a panel entitled “Innovative Technology Partnerships.”   DFC CEO Ben Black:   “DFC...

WASHINGTON, D.C. – The U.S.–Ukraine Reconstruction Investment Fund (URIF) today announced that it has approved its first investment aimed at bolstering Ukraine’s security, supporting a sector that will be a cornerstone of Ukraine’s post-conflict economy, and increasing America’s and allies' access to field-tested advanced technology.  The joint U.S.-Ukrainian board of directors approved an equity investment in emerging technology company Sine Engineering (Sine). The investment will support Sine’s continued advancements and innovation in radio communication control systems for Unmanned Aerial Vehicles (UAVs)....

Two critical social infrastructure facilities have opened in the central Ukrainian city of Cherkasy, financed under the EIB’s €200 million Ukraine Early Recovery Programme. New social housing has been opened to provide temporary accommodation for around 130 people displaced by Russia’s war against Ukraine. The Regional Centre of Emergency Medical Aid and Disaster Medicine has been completed and will strengthen emergency medical services across the Cherkasy oblast. Two critical social infrastructure facilities have been inaugurated in Cherkasy, central Ukraine, with...