Displaying 1 - 20 of 1098

EIB opens new office for West Bank and Gaza, announces new public health cooperation with WHO in Palestine

The European Investment Bank (EIB) has opened a new office based in Jerusalem to cover the West Bank and Gaza; it also announced new cooperation with the World Health Organization (WHO) on public health in Palestine.

The new EIB office, which will be based on the EU representation to the West Bank and Gaza in Jerusalem, will facilitate €215 million (US$232 million) in dedicated EIB financing for business investment and technical support for Palestinian partners.

The EIB will also be supporting the WHO to assist the Palestinian Ministry of Health to assess and strengthen primary healthcare and oncology services, as well as increase investment in health in Palestine.

Press release - EIB

Press release - EIB

EIB and European Commission sign new agrreement to guarantee US$28.8 billion for Global Gateway investments

The European Investment Bank (EIB) and the European Commission signed a new guarantee agreement to support €26.7 billion (US$28.8 billion) in EIB lending for Global Gateway investments over the next seven years.

The guarantee will support investments in the green and digital transitions, health, and education in EU partner countries as a part of the EU’s Global Gateway initiative. More than two-thirds of the guarantee cover will be targeted at investments in enlargement and neighborhood countries, including financing for Ukraine's post-war reconstruction. The rest will be targeted toward partner countries in sub-Saharan Africa, Asia, the Pacific, Latin America, and the Caribbean.

The guarantee agreement is housed within the framework of the new European Fund for Sustainable Development Plus ("EFSD+"), a part of the EU’s development instrument for 2021-2027, the Neighborhood, Development, and International Cooperation Instrument – Global Europe (NDICI – Global Europe). 

The EFSD+ will provide guarantee cover of €40 billion (US$43.2 billion) total, including the €26.7 billion (US$28.8 billion) reserved for the EIB. The rest of the €13 billion (US$14 billion) in guarantee cover will be available to eligible international financial institutions (including the EIB) under the EFSD+ open architecture.

Press release - European Commission

Press release - EIB

EU-Africa global health clinical trials partnership launches with US$1.7 billion for next ten years

At an event in Paris, the European Commission launched the Global Health European and Developing Countries Clinical Trials Partnership Joint Undertaking (GH EDCTP3 JU) with a €1.6 billion (US$1.7 billion) budget for the next ten years to fund clinical research on infectious diseases impacting countries in sub-Saharan Africa.

The GH EDCTP3 JU is a partnership under the EU’s Horizon Europe research program. It is the largest Africa-Europe partnership on research and development (R&D) to date. It will focus on poverty-related diseases such as  HIV & AIDS, tuberculosis (TB), malaria, and neglected tropical diseases (PRNDs).

Its predecessor, EDCTP2, was a partnership only between participating EU member states and sub-Saharan African governments, whereas EDCTP3 is also open to participation from industry and philanthropies. Its overall budget includes contributions from the European Commission as well as participating countries and private sector entities.

Blog post - DSW

Website - European Commission

EIB launches new joint initiative with EU national banks to offer US$2.2 billion in financial support for Ukrainian refugees

The European Investment Bank (EIB) launched a new €2 billion (US$2.2 billion) initiative, Quick Response — Care for Ukrainian Refugees in Europe, with five national banks in the European Association of Long-Term Investors (ELTI).

The initiative will provide financing in 2022 to support Ukrainian refugees hosted in EU member states, including to help provide housing, education, healthcare, and infrastructure.

The ELTI is an association of 31 public national promotional banks and financial institutions in Europe. 

Press release - EIB

EU increases support for displaced Ukrainians with US$216 million in assistance

The European Commission announced an additional €200 million (US$216 million) in assistance for displaced people in Ukraine at the International Donors’ Conference for Ukraine co-hosted by Poland and Sweden.

The EU has already provided €4 billion (US$4.3 billion) in macro-financial assistance for Ukraine and humanitarian assistance to EU member states hosting refugees from Ukraine.

Press release - European Commission

Factsheet - European Commission

Stakeholders call for AU-EU Innovation Agenda to make African R&I ecosystem as strong as Europe’s

Stakeholders participating in a roundtable hosted by the publication Science|Business called for the new African Union (AU)-EU Innovation Agenda to strengthen the African research and innovation (R&I) ecosystem until it is on a level playing field with Europe’s and suggested that EU-AU research cooperation should be driven by opportunity, not foreign assistance. 

Participants suggested during the March 29, 2022, meeting in Brussels that the EU should provide funding for researchers at the PhD level and above in AU countries and improve research infrastructures. A joint study exchange program for PhD students across Europe and Africa could enable knowledge exchange and create a research network. Creating a database of African research could facilitate data sharing between European and African research teams as well.

The AU-EU Innovation Agenda will target cooperation around health, the green transition, and enhancing R&I capacities. Public consultation on the agenda is open until May 13, 2022.

News article - Science|Business

EU steps up support on food security to drought-affected Somalia, Kenya, Ethiopia, including US$255 million in development funding

The EU and its member states are providing a total package of €633 million (US$698 million) in Team Europe support to address food security in Somalia, Kenya, and Ethiopia, including €231 million (US$255 million) in development funding from the European Commission (EC).

The Team Europe package was announced at a high-level roundtable in Geneva co-hosted by the EC and the UN Office for the Coordination of Humanitarian Affairs. It includes €348 million (US$384 million) overall from the EC and €285 million (US$314 million) from EU member states. The EC’s contribution includes funding for humanitarian assistance, conflict management, and €231 million (US$255 million) in development funding to tackle the root causes of food insecurity.

Food security in Somalia, Kenya, and Ethiopia is threatened by climate-induced drought and conflict in the region, which is exacerbated by the impacts of the COVID-19 pandemic and the Russian war in Ukraine.

Press release - European Commission

EIB and IDB agree to co-finance climate resilience projects in Latin America, Caribbean

The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) signed a new agreement to accelerate co-financing climate-resilient projects in Latin America and the Caribbean. 

The agreement was signed by EIB President Werner Hoyer and IDB President Mauricio Claver-Carone during the Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, DC. The collaboration will seek to increase alignment between the two institutions and ensure the greatest development impact.

Press release - EIB

EU should counter Russia’s ‘food diplomacy’, says op-ed

The EU should respond to Russia’s ‘food diplomacy’ according to an opinion piece by Benjamin Fox, an editor at EURACTIV, an independent media network focused on EU affairs.

Moscow is attempting to position the global food crisis as a consequence of Western sanctions against Russia as opposed to Russia’s invasion of Ukraine. Fox argues that the EU should learn from its slow uptake of vaccine diplomacy during the COVID-19 pandemic and immediately support countries in Africa during the global food crisis.


EU Institutions’ ODA level decreases by 8.2% in 2021

According to preliminary data from the OECD, the EU Institutions’ (EUI) ODA decreased in 2021 compared to 2020 by 8.1% in real terms, with a total of US$19 billion on a grant equivalent basis. The EUI’s ODA for COVID-19-related activities in 2021 totaled US$10.5 billion.

The overall decrease is primarily due to repayments on private sector loans, which are recorded as net flows, and the frontloading of payments in 2020 to enable the EU to provide a quicker COVID-19 response and support to its partner countries. 

Press release - OECD

Think tank calls for more tailored approach in EU’s partnerships with Least Developed Countries

A major European development policy think tank, the European Center for Development Policy (ECDPM), has published a discussion paper calling for the EU to develop a more targeted approach to its partnerships with Least Developed Countries (LDCs) that better addresses their specific development needs. 

ECDPM published this discussion paper to provide input as the Council's current French presidency is exploring how to renew the EU’s partnership with LDCs. ECDPM doesn’t recommend an EU policy for LDCs broadly, but instead recommends the EU take a country-specific approach that takes into consideration differing contexts. The paper also recommends the EU establish a more coherent development policy, honor its commitments and strengthen support for official development assistance ODA for LDCs, and adopt measures in key policy areas, such as climate and food security.

Policy paper - ECDPM

US$10.1 billion in new funding committed in 'Stand Up for Ukraine' campaign

Global Citizen, along with the European Commission and the Canadian government, launched a 'Stand Up for Ukraine' global social media rally on April 8, 2022. US$10.1 billion in funding - US$4.6 billion in grants and US$5.5 billion in loans) have been committed during the campaign, and 20,277 actions have been taken to support those fleeing their homes in Ukraine. 

The campaign culminated in a pledging event in Warsaw on April 9, 2022, to recognize Poland's essential role in supporting refugees fleeing the war in Ukraine. Global Citizen called on donors to recognize the importance of utilizing this funding as both new and additional; specifically, the use of the funds should not undermine other development priorities, nor should it pit crises against each other. 

Canada: As a co-host of the campaign, Canada committed an additional CAD$100 million (US$79 million) in humanitarian support to Ukraine and neighboring countries with a particular focus on trauma care. Canada has provided CAD 245 million (US$194 million) since January of 2022 for the crisis. 

EU: The European Commission, a co-host of the campaign, committed €600 million (US$660 million) for Ukraine and €400 million (US$440 million) for refugees hosted in the EU.

The European Investment Bank (EIB) committed €4 billion (US$4.4 billion) for 2022-2023 to support EU member states hosting Ukrainian refugees and to develop social infrastructure. This contribution is a part of the EIB’s Ukraine Solidarity Package, under which the EIB has already provided a €668 million (US$755 million) financial aid package to Ukraine to help Ukrainian authorities meet the country’s “most urgent financial needs”, such as buying food, medical supplies, and fuel.

The Council of Europe Development committed €1 billion (US1.1 billion) in loans to member states to support countries hosting refugees. 

Italy: Italy pledged an additional €360 million (US$396 million) in humanitarian assistance for refugees in Europe. 

Sweden: Sweden committed €300 million (US$330 million) to in-country refugee hosts, specifying that the funding would not come out of the official development assistance (ODA) budget. 

Additional donors: Additional countries expressed their support for the campaign and reiterated existing funding promises. 

The Donor Tracker was included as one of the 77 signatories in the open letter to world leaders. 

Report - Global Citizen

News article - Global Citizen

Press release - European Commission

Press release - EIB

Canada co-convenes Stand Up for Ukraine event with European Commission, raising US$9.8 billion

On April 9, Canada’s Prime Minister Justin Trudeau co-convened the “Stand Up for Ukraine” pledging event with the President of the European Commission and in partnership with Global Citizen in a worldwide show of solidarity with Ukraine. The event raised over CA$12.4 billion (US$9.8 billion) to address the crisis and support Ukrainian refugees.

As part of the event, Trudeau announced an additional CA$100 million (US$79 million) to support emergency health services, including trauma care, protection, shelter, water, and food to respond to the worsening crisis in Ukraine and neighboring countries. 

With this announcement, Canada has provided CA$245 million (US$194 million) since January 2022 in assistance to respond to the conflict in Ukraine. Furthermore, in the government's 2022 budget, Canada announced more than CA$1.2 billion (US$951 million) in direct contributions to support Ukraine, in addition to an offer of up to CA$1.6 billion (US$1.3 billion) in loan support to the Ukrainian government.

Press release - Prime Minister of Canada 
Press release - Prime Minister of Canada

European Commission pledges US$83 million in grants, EIB commits US$1.1 billion in front-loaded financing to COVAX AMC

During the 2022 'Break COVID Now Summit', an event hosted by Gavi, the Vaccine Alliance to raise money for the COVAX Advanced Market Commitment (AMC), the European Commission pledged €75 million (US$82 million) in grants, and the European Investment Bank (EIB) committed €1 billion (US$1.1 billion) in front-loaded financing for the COVAX AMC.

COVAX is the vaccines pillar of the Access to COVID-19 Tools Accelerator (ACT-A), the global effort to ensure equitable access to COVID-19 tests, treatments, and vaccines. 

The EIB has previously contributed €900 million (US$992 million) in financing to enable COVAX to more rapidly access cash. The Commission has previously committed €400 million (US$441 million) in grants and €600 million (US$661 million) in guarantees to COVAX.

Additional analysis of donors can be found here

Press release - Gavi

Press release - EIB

Germany commits US$441 million to COVAX at Gavi's 'Break COVID Now' Summit

On April 8, 2022, Germany, together with Ghana, Indonesia, and Senegal, co-costed Gavi’s digital 'Break COVID Now' Summit with the goal of raising US$5.2 billion in funding for COVAX, the vaccines pillar of the Access to COVID-19 Tools (ACT) Accelerator. Falling US$400 million short of the funding goal, a total of US$4.8 billion was committed during the summit.

This includes funding worth US$1.7 billion from sovereign donors, US$2.1 billion via new innovative financial mechanisms provided by the European Investment Bank and the United States Development Finance Corporation, and US$1.0 billion of funding by multilateral development banks.

Germany pledged US$441 (€400 million) to COVAX, of which US$386 million (€350 million) will go to Gavi and US$55 million (€50 million) to UNICEF. The pledge is part of a broader US$1.2 billion funding package for the ACT-Accelerator, which Germany announced at the beginning of March of 2022, but is still pending cabinet and parliamentary approval.

COVAX will deploy these commitments to strengthen the vaccine logistics in the partner countries, including, for example, improving cooling conditions for vaccine doses and investing in health personnel and equipment. Further, the funding will contribute to establishing a Pandemic Vaccine Pool that stands ready to be activated if new and threatening COVID-19 variants emerge and to supply partner countries with variant-adopted vaccines.

Additional information on all donors at the Summit can be found here

Press release – Gavi 

Press release – Federal Ministry of Economic Cooperation and Development (in German) 

European Parliament calls for strengthening EU cooperation with partners on R&I in climate change, health, gender mainstreaming

The European Parliament adopted a resolution on the European Commission’s May 2021 Communication on its Global Approach to Research and Innovation (R&I) that calls for strengthening EU cooperation with lower- and middle-income countries on R&I in areas such as climate change, health, and epidemic preparedness, as well as better integrating the gender dimension in R&I.

The resolution highlights the need to promote gender equality in R&I implementation and content and urges the EU to seek synergies between its R&I cooperation and the EU’s external action programs. 

Resolution - European Parliament

Strategy - European Commission

European Commission adopts roadmap for actions to improve European development financial architecture

The European Commission adopted a new roadmap to improve the European financial architecture for development by ensuring alignment with the EU’s policy objectives, promoting enhanced cooperation, building a more inclusive financial architecture, and ensuring increased visibility via a ‘Team Europe’ approach. 

The roadmap is a follow-up to June 2021 conclusions from the Council of the EU calling on the Commission to present its planned actions toward implementing an improved version of the current institutional setup. It includes a strong emphasis on Team Europe Initiatives, promoting joint proposals under the European Fund for Sustainable Development Plus (EFSD+), exploring setting up a European Export Credit Facility, cooperating with non-EU actors, and providing strategic communications plans and materials. 

Press release - European Commission

Roadmap - European Commission

EU-WHO partnership to support AU's effort to increase vaccine production with US$28 million in funding

The European Commission is strengthening its partnership with the WHO and the African Union (AU) to build local vaccine production capacity through a financial contribution of €24.5 million (US$28 million). 

The EU’s contribution, which is part of its €1 billion (US$ billion) Team Europe initiative on manufacturing and access to health products in Africa, includes:

  • regulatory strengthening: €11.5 million (US$13 million); 
  • technology transfer: €12 million (US$13.5 million); and, 
  • demand consolidation and strategic purchasing: €1 million (US$1.1 million).

The WHO is supporting technology transfer for production in Sub-Saharan Africa through an mRNA technology transfer in South Africa. The EU and EU member states have contributed a combined total of €40 million (US$45 million) in support of the hub. The EU and the WHO will also support regulatory strengthening on the African continent at national, regional, and continental levels in addition to helping consolidate production demand and forecast needs. 

Press release - European Commission

EU joins eight global Coalitions for Action to transform food systems, increase global food security

In response to increasing global food insecurity, the European Commission will join eight global Coalitions for Action to support the transformation of food systems in EU partner countries worldwide. 

The alliances include government representatives, civil society organizations, researchers, and international organizations. The Commission will join Food is never waste, Healthy Diets from Sustainable Food Systems for Children & All, School Meals Coalition, Aquatic and Blue Foods, Agro-ecology, Zero Hunger, Fighting food crises along the Humanitarian-Development-Peace nexus, and Sustainable Productivity Growth as partners.

Agro-ecology will support innovation and make use of local and scientific knowledge to scale up agro-ecological practices. Zero Hunger will mobilize resources to achieve hunger reduction including by improving small farm livelihoods. Sustainable Productivity Growth will use technology and innovations to both increase agricultural productivity and enable climate adaptation.

Press release - European Commission

EU and European governments plan to reallocate humanitarian assistance from other crises to support Ukraine, warns Oxfam

Oxfam has warned that some European governments and the EU are planning to reallocate funds to support efforts to address the humanitarian crisis in Ukraine at the expense of other crises, such as those in Timor-Leste and Burkina Faso.

Oxfam was particularly concerned that EU countries will spend their Official Development Assistance (ODA) budgets domestically to pay for costs in-country to respond to the refugee crisis. In 2015, refugees came to Europe from Syria and other countries at unprecedented rates; donor countries ended up counting the temporary sustenance costs to support refugees as 11% of their ODA. 

News article - Euractiv