Brussels [Belgium], May 14 (ANI/WAM): Despite the challenges of investing in an financial restoration after the pandemic, EIB Global, the event arm of the European Investment Bank, financed EUR 10.8 billion in 2022, 50% greater than the earlier 12 months’s figures, in its first 12 months of existence.

In 2022, the EIB Group continued to help international healthcare, inexpensive vitality, entry to water, renewable energy sources and sustainable development in every single place. Nearly EUR 11 billion in help exterior the European Union together with EUR 4 billion for least-developed international locations, EUR 1.2 billion for international well being and vaccines and EUR 1.7 billion to Ukraine for broken faculties, hospitals, trains, trams, roads, and bridges.

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“The challenging geopolitical situation and conflicts happening around the world should not make us lose sight of our objective to promote a global, just transition to net zero,” mentioned Werner Hoyer, President of the European Investment Bank. “If we want to stand a chance to achieve the UN Sustainable Development Goals, we need to forge sustainable partnerships and alliances at all levels. In its first year of existence EIB Global proved that we are making an active contribution to a more equitable world under the banner of the European Union, in particular through our support to Global Gateway projects.”

A companion quantity, EIB Global Report: The Impact explains how our economists analyse the variations these initiatives make – 11.7 million individuals benefiting from protected consuming water, 836 million individuals vaccinated in opposition to COVID-19 and different illnesses, 141 million extra journeys on public transport. This report presents our rigorous evaluation of the outcomes of our investments and assesses the monetary advantages, catalytic impact and technical help we carry to every undertaking.

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The EIB Group helps initiatives in 4 precedence areas — infrastructure, innovation, local weather and surroundings, and small and medium-sized enterprises. (ANI/WAM)

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