European Investment Bank
EIB
The European Investment Bank (EIB) headquartered in Luxembourg, is an international financial entity whose main objective in developing countries is to provide finance and expertise for sound and sustainable investment projects, in both the private and the public sector, provide social and economic infrastructure, and address climate change, among others. EIB is currently operating in over 150 countries and has a mandate to operate in any developing country. Climate action is one of the top policy priorities for EIB, which integrates climate considerations across all its activities, in addition to financing climate mitigation and adaptation projects, thereby contributing to low-carbon and climate-resilient growth around the world and supporting the transition to a sustainable low-carbon future. EIB targets 25 per cent of its portfolio as climate action projects and programmes. In 2014, its total investment in climate action projects and programmes was more than US$ 20 billion. Additionally, EIB regularly provides capacity-building support in many sectors and specific technical assistance focused on developing local skills to support project development and implementation, as a way of strengthening country ownership. EIB seeks to support the paradigm shift objective of the GCF by making use of its network of trusted partners in the public and private sectors and non-governmental organisations to optimize the collaborative work of EIB in tackling climate change, and would help to overcome investment hurdles, in particular those faced by the private sector.
Accreditation timeline
Accreditation term 1
14 Feb 2020 - 13 Feb 2025
Accreditation date
08 Mar 2016
AMA execution date
26 Sep 2017
AMA effectiveness
14 Feb 2020
Term end date
13 Feb 2025
Entity details
-
Size
- Micro
- Small
- Medium
- Large
-
Environmental and social risk category
- Category C
- Category B
- Category A
- Intermediation 3
- Intermediation 2
- Intermediation 1
-
Fiduciary standards
- Basic
- Project management
- Grant award
- On-lending/blending:
- Loan
- Equity
- Guarantee
- Blending
Documents
Title | Type | Date |
---|---|---|
Green and Resilient Debt Platform for Africa and LDCs EIB |
Approved project preparation funding application | 24 Feb 2023 |
Accreditation Master Agreement between GCF and EIB EIB |
Accreditation Master Agreement | 26 Sep 2017 |
Gender action plan for FP038: Geeref Next EIB FP038 |
Gender action plan | 06 Jun 2017 |
Gender assessment for FP038: Geeref Next EIB FP038 |
Gender assessment | 06 Jun 2017 |
GEEREF NeXt EIB FP038 |
Approved funding proposal | 24 Apr 2017 |
Sustainable landscapes in Eastern Madagascar CI FP026 |
Approved funding proposal | 22 Mar 2017 |
Environmental and social safeguards (ESS) report for FP038: Geeref Next EIB FP038 |
Environmental and Social Safeguards report | 16 Mar 2017 |
Environmental and social safeguards (ESS) report for FP026: Sustainable Landscapes in Eastern Madagascar EIB FP026 |
Environmental and Social Safeguards report | 21 Oct 2016 |
News + Stories
New platform to boost environmental impact financing in Africa
28 Feb 2023 / The European Investment Bank (EIB) and the Green Climate Fund (GCF) have announced their collaboration in the Green and Resilience Debt Platform, a vehicle that aims to boost climate finance in Africa. The platform contributes to the European Union’s Global Green Bond Initiative, which relies on a governance structure defined by the European Commission and European development finance institutions.
Contacts
Green Climate Fund Operations Officer (for pipeline issues)