European’s investment strategy for partner countries, Global Gateway, will receive a financing boost of 18 billion euros as announced by the European Commission and the European investment bank.
the projects funded by this investment aim to address the global climate finance gap and promote efforts to prevent, adapt and mitigate climate changes
EIB President Werner Hoyer said, “Thanks to our solid partnership with the European Commission, EIB Global has already mobilized investments amounting to Euro 31 billion under Global Gateway. This new financing package unlocks more EU support for projects that will make a real difference in partner countries and in some of the areas of the world most in need of transformation.”