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- Herausgeber: European Investment Bank
- Kategorie: Fachliteratur
- Sprache: Englisch
Building on decades of experience working in Europe's neighbourhood, in Africa and around the world, under EU mandates and in support of EU policy priorities, EIB Global brings together all the financial, engineering and scientific expertise of the European Investment Bank to maximise impact. The new structure fosters strong, focused partnerships within Team Europe, with multilateral development banks and bilateral development agencies. With a stronger presence on the ground, it increases our cooperation with partner countries, clients, EU Member States and other development finance institutions. This publication reports on the first year of EIB Global. The first section reviews the development context, looking at global macroeconomic development and the different regions where EIB Global operates: - EU neighbourhood countries - sub-Saharan Africa - the Western Balkans and Türkiye - Asia and the Pacific, and Latin America and the CaribbeanThe report then turns to the overarching priorities of EIB Global and the European Fund for Sustainable Development Plus, examining investment needs and describing the response by EIB Global: - Climate change - Jobs and inclusive growth - The Global GatewayThe final part brings together all the information on the results and impact of EIB Global operations and the financial and non-financial contribution we make. It covers: - How we measure results and impact - Expected results of new projects - EIB Global's contribution to new projects - Evidence on the EIB's crowding-in effect - Carbon footprint exercise - Macroeconomic impact modelling - Results of completed projects - Lending volumes - List of operations signed in 2022A companion volume to this report, EIB Global Report: The Story, delves deeper into the rationale for, and experience gained from, individual EIB Global projects.
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EUROPEAN INVESTMENT BANK
2022/2023
EIB GLOBAL REPORT
THE IMPACT
About the European Investment Bank
The European Investment Bank Group is the EU bank and the world’s biggest multilateral lender. We finance sustainable investment in small and medium-sized enterprises, innovation, infrastructure, and climate and environment. We have financed Europe’s economic growth for six decades and are at the forefront of EU crisis response, leading the world in climate investment and backing development of the first COVID-19 vaccine. We are committed to triggering €1 trillion in investment in climate and environmental sustainability to combat climate change by the end of this decade. About 10% of all our investment is outside the European Union, where our EIB Global branch supports Europe’s neighbours and global development.
CONTENTS
FOREWORD
INTRODUCTION
GLOBAL CHALLENGES, DEEPER PARTNERSHIPS
EU NEIGHBOURHOOD COUNTRIES
SUB-SAHARAN AFRICA
WESTERN BALKANS AND TÜRKIYE
ASIA-PACIFIC, LATIN AMERICA AND THE CARIBBEAN
A GLOBAL GREEN DEAL
CONNECTING THE GLOBE
JOBS AND INCLUSIVE GROWTH
IMPACT IN DETAIL
HOW WE MEASURE RESULTS AND IMPACT
EXPECTED RESULTS OF NEW PROJECTS
THE EIB’S CONTRIBUTION TO NEW PROJECTS
EVIDENCE ON THE EIB’S CROWDING-IN EFFECT
CARBON FOOTPRINT EXERCISE
MACROECONOMIC IMPACT MODELLING
RESULTS OF COMPLETED PROJECTS
LENDING VOLUMES
LIST OF OPERATIONS SIGNED IN 2022
FOREWORD BY THE PRESIDENT
In 2022, the European Investment Bank (EIB) founded EIB Global, a new arm of the Bank dedicated to development assistance and external action, implementing a global Green Deal and the European Union’s Global Gateway initiative, and the EU enlargement process.
Building on decades of experience working in Europe’s neighbourhood, in Africa and around the world, under EU mandates and in support of EU policy priorities, EIB Global brings together all the financial, engineering and scientific expertise of the EIB to maximise impact. The new structure fosters strong, focused partnerships within Team Europe, with multilateral development banks and bilateral development agencies. With a stronger presence on the ground, it increases our cooperation with partner countries, clients, EU Member States and other development finance institutions.
Last year was challenging for most of our partner countries around the globe. While businesses and households were still recovering from the disruptive and poverty-enhancing effects of the pandemic, these countries were hit by rising inflation and borrowing costs, undermining the sustainability of their public finances and making it even harder to close the huge gaps in investment, to achieve sustainable and inclusive growth. Russia’s invasion of Ukraine only exacerbated this situation, driving up food and fuel prices even further, undermining food security in some of the poorest regions of the world, and damaging wider development prospects.
In this context, the European Union needs to step up its political and economic presence in the world, to offer a much stronger partnership for inclusive, green and resilient growth. EIB Global is now a key part of this effort.
I am very glad to report the success of EIB Global in its first year. Under very difficult circumstances, we substantially increased our lending outside the European Union to €9.1 billion in new project signatures, with a further €1.7 billion of previous signatures repurposed for rapid disbursement to Ukraine. New signatures included solar power plants in Brazil, further support for vaccination initiatives across the globe, and making sure that the people of Jordan have access to clean water by funding one of the world's largest desalination plants.
This report is about the impact that these projects will have: 11.7 million people with access to safe drinking water, 836 million people vaccinated against COVID-19 and other diseases, 141 million more trips on public transport every year. It details the efforts we make to track results and maximise our impact.
Alongside these noteworthy results, we also stepped up to provide rapid emergency assistance to Ukraine. As we speak, EIB financing is helping to build — or rebuild — schools and health facilities from Odessa to Kyiv. Our technical assistance is helping Kharkiv get its war-ravaged trams back on their tracks. And our funds support emergency repairs to the country’s bomb-damaged roads.
Thanks to support from the EU budget, we were among the first to provide help for Ukraine’s government, to keep it going, as early as last March. The €1.7 billion we disbursed to Ukraine was done under exceptionally difficult circumstances, repurposing existing loans to respond to immediate emergency needs. We have another €540 million still to disburse, as concrete projects on the ground progress, and we continue to explore all possible options to support Ukraine this year by combining our own resources with guarantees from the European Union and its Member States.
“ Europe needs to step up its political and economic presence in the world. EIB Global is now a key part of this effort. „
In the longer run, you can count on the EIB to co-finance the reconstruction of a victorious Ukraine, in close partnership with the European Commission, governments, international financial institutions and national promotional banks. It will be a huge task. That’s why we are already planning for this.
From climate change to the COVID-19 pandemic, to the shockwaves caused by Russia’s aggression, it’s now clear that the challenges we face are global. We are all in the same boat. We either rise to these challenges, or we sink together.
That’s the rationale behind the European Union’s Global Gateway, a plan to promote sustainable, inclusive growth across the world with investments that do not lead to toxic dependencies. EIB Global is well on track to facilitate at least one-third of the €300 billion of investment that Global Gateway aims to support by 2028.
It is also why we are working to turn the European Green Deal into a global one, to leave no one behind in the green transition. 46% of our lending outside the European Union this year supported climate action and environmental sustainability, and this will increase to at least 50% in the coming years. Our projects will provide clean energy for 2.1 million households and reduce the risks of drought facing nearly 11 million people.
This is why we are helping tens of thousands of businesses to get through current challenges and invest to create jobs and more prosperous, inclusive societies. 48 500 loans to microenterprises and smaller businesses will help to sustain some 316 000 jobs.
In challenging times, it is tempting for many in Europe to turn their backs on the rest of the world, but this would be neither moral, nor in Europe’s interest. The European Union needs to further its strategic autonomy, but it will not achieve that by taking an inward-looking perspective. If we want to strengthen EU resilience, we need to forge new, sustainable partnerships and alliances around the globe.
I am very proud that with EIB Global, we are making an active contribution to this under the banner of the European Union.
Werner Hoyer
A queue of people in need of humanitarian assistance in Kharkiv, Ukraine.
INTRODUCTION
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.
EIB Global: A focus on impact
As a dedicated branch within the EIB Group, EIB Global’s central goal is to increase its impact, in alignment with EU priorities. It aims to serve as the European Union’s development finance arm in support of EU external policies and priorities, in particular the Global Gateway initiative, the climate transition and the Sustainable Development Goals. It does so by financing sound projects developed to high standards, using its technical and financial expertise and resources to promote inclusive and sustainable investment in partner countries.
“ EIB Global is designed to strengthen partnerships and enhance impact. „
The breadth and depth of current international challenges demand an effective response. At the same time, adopting the Neighbourhood, Development and International Cooperation Instrument (NDICI-Global Europe) has laid the groundwork for a stronger partnership between the EIB and the European Commission and closer cooperation with Team Europe partners. As of March 2023, EIB Global is participating in 112 Team Europe Initiatives.[1]
EIB Global is designed to strengthen partnerships and enhance impact. It is a response to the Council of the European Union’s request, expressed in its conclusions on improving EU financial architecture for development in 2021, for the EIB to identify improvements to enhance the impact of its work in partner countries.
EIB Global’s strategy is anchored in its mission as a part of the EIB Group and a part of Team Europe.
• EIB Global remains an integral part of the European Union’s external action and development toolbox. The special position of EIB Global as part of the EU bank is reflected in its dedicated investment windows in the NDICI-Global Europe instrument, and in its ability to deploy its own resources in support of EU policies.
• EIB Global supports the delivery of overarching EU initiatives and policies, including the Green Deal, the Global Gateway and specific regional policies, such as EU enlargement. It will remain aligned with EU priorities and the programming process, based on the “policy first” principle.
• EIB Global is also an active participant in the wider international community of multilateral development banks, development finance institutions and public development banks.
In this, EIB Global builds on the EIB’s decades-long experience operating outside the European Union, with established client engagements and partnerships in all regions of operation. EIB Global provides a comprehensive product range of loans, equity and advisory services, encompassing both public and private sector clients. It has a vast pool of technical and financial expertise to draw from across various priority areas. It operates to high EU standards, aligned with EU policies and has proven its ability to respond rapidly and flexibly to crises.
Looking forward, EIB Global is greatly enhancing its presence in partner countries and its engagement in the upstream development and preparation of priority projects. It will be working more closely with its partners in Team Europe, delivering new products and advisory services to better respond to specific needs, and to maximise its impact on the ground.
The impact of EIB Global’s operations in 2022
This report examines the development challenges in the different regions where EIB Global operates, and in light of the main EU priorities. It then details the impact of EIB Global operations.
Global challenges, deeper partnerships – This section reviews the development context, looking at global macroeconomic development and the different regions where EIB Global operates:
• EU neighbourhood countries;
• Sub-Saharan Africa;
• Western Balkans and Türkiye;
• Asia and the Pacific, and Latin America and the Caribbean.
The report then turns to the overarching priorities of EIB Global and the European Fund for Sustainable Development Plus, examining investment needs and describing the response by EIB Global.
A global Green Deal
