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Sustainable development

European Investment Bank Joins UN Conference for Least Developed Countries to Boost Sustainable Growth and Development

Strategic Insights

— 1 min read

The European Investment Bank will participate in the UN's 5th Conference for Least Developed Countries (LDC5) in Doha, Qatar, from March 5-9, highlighting the importance of partnerships with the private sector in delivering the UN Sustainable Development Goals. The Bank's Vice-President, Thomas Östros, will open the Private Sector Forum and participate in discussions on structural transformation, co-hosting a high-level roundtable on investing in people's health through the Global Gateway initiative. EIB Global will also announce support for private sector development and transformative projects in Least Developed Countries, including in Gambia and Guinea-Bissau, contributing to the EU's Global Gateway strategy.

Key Takeaways:

  • The European Investment Bank will participate in the UN's 5th Conference for Least Developed Countries (LDC5) in Doha, Qatar, from March 5-9.
  • The Bank's Vice-President, Thomas Östros, will open the Private Sector Forum and participate in discussions on structural transformation.
  • EIB Global will co-host a high-level roundtable on investing in people's health through the Global Gateway initiative.
  • The Bank will announce support for private sector development and transformative projects in Least Developed Countries, including in Gambia and Guinea-Bissau.
  • The EIB's participation is part of the EU's Global Gateway strategy, which aims to mobilize €300 billion for sustainable investment worldwide.
  • The conference will focus on the importance of universal health coverage and increasing access to healthcare services, essential medicines, and diagnostic tools.
  • The EIB will highlight the bridges built between the Team Europe initiative on Manufacturing and Access to Vaccines, Medicines, and Health Technologies and the Partnership for African Vaccine Manufacturing.

Statistics:

  • €300 billion: The estimated amount of investment the EU aims to mobilize worldwide through the Global Gateway strategy.
  • €300 billion: The current multiple crisis and conflicts happening in different parts of the world cannot deviate us from delivering the UN Sustainable Development Goals.

Sources:

  • European Investment Bank:

* Website: www.EIB.org

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* EIB Global Twitter: https://apo-opa.info/3mi9z1c

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