EIB and EBID partner for €100 million climate action initiative

The European Investment Bank (EIB) and the ECOWAS Bank for Investment and Development (EBID) have announced a €100 million financial partnership to support climate action and environmental sustainability projects in the ECOWAS region. This initiative is aimed at promoting renewable energy investments, sustainable agriculture, and water treatment projects. According to EIB Vice-President Ambroise Fayolle, this facility will bridge financial gaps in the region, contributing to poverty reduction and improved living standards. The overall investment targeted by this partnership is at least €300 million, aligned with various Sustainable Development Goals (SDGs).