The world is facing unprecedented challenges, with multiple crises undermining development progress, and even rolling back the achievements of recent years. The impacts of the pandemic and Russia’s invasion of Ukraine are causing human suffering, have set back the struggle against extreme poverty, and are making it harder to achieve the Sustainable Development Goals by 2030. The negative effects of climate change are worsening, with many emerging and developing countries among the most vulnerable. These challenges call for an effective, visible EU response that fosters real partnerships. As the EU bank and a key member of Team Europe, the European Investment Bank (EIB) launched EIB Global in January 2022 to better respond to this global context, and to improve the impact of its operations outside the European Union. This publication reports on the first year of EIB Global, with a focus on the global development context, on EIB Global’s three main priority areas — climate change, jobs and inclusive growth, and the Global Gateway — and on the impact of its operations.
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