European Investment Bank
The European Investment Bank (EIB) or the European Union (EU) bank seeks to promote development in Armenia, Bangladesh, Fiji, Georgia, India, the Lao People’s Democratic Republic, Maldives, Mongolia, Nepal, Papua New Guinea, Sri Lanka, and Viet Nam. The EIB particularly focuses on climate change mitigation, economic and infrastructure development, renewable energy, urban transport, and water. In 2020, an EIB Climate Roadmap was finalized to set the bank’s goals for climate finance that supports the European Green Deal and helps make Europe carbon-neutral by 2050. It also started its transformative action to be recognized as the EU climate bank.
At a Glance
Cumulative Project-Specific Cofinancing
$2.3 billion
2020 Project-Specific Cofinancing
- $18.7 million
In 2020, the EIB cofinanced the third tranche of the Ulaanbaatar project on urban services in the Ger areas of Mongolia for $18.7 million.
1 January 2014–31 December 2020 Cofinanced Project
a L for loan, G for grant