European Investment Bank to Accelerate Sustainable Development at LDC5 Conference

Strategic Insights -

The European Investment Bank (EIB) is set to join the 5th United Nations Conference for Least Developed Countries (LDC5) in Doha, Qatar, from March 5 to 9. The event will be attended by EIB Vice-President Thomas Östros, who will open the Private Sector Forum and participate in discussions on structural transformation. The EIB will co-host a High-Level Roundtable on "Investing in People's Health through Global Gateway" with the European Commission's Directorate-General for International Partnerships. EIB Global, the new development arm of the EIB Group, will announce support for private sector development and transformative projects in Least Developed Countries, including in Gambia and Guinea-Bissau. Ahead of the conference, EIB Vice-President Thomas Östros emphasized the importance of partnerships with the private sector to boost sustainable growth and create jobs.

Key Takeaways:

  • The European Investment Bank (EIB) will participate in the 5th United Nations Conference for Least Developed Countries (LDC5) in Doha, Qatar, from March 5 to 9, represented by Vice-President Thomas Östros.
  • The EIB will co-host a High-Level Roundtable on "Investing in People's Health through Global Gateway" with the European Commission's Directorate-General for International Partnerships.
  • EIB Global will announce support for private sector development and transformative projects in Least Developed Countries, including in Gambia and Guinea-Bissau.
  • The EIB will focus on the importance of universal health coverage during the conference, highlighting 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.
  • The EIB will participate in discussions on structural transformation and opening the Private Sector Forum at the conference.
  • The EIB is committed to mobilizing around EUR300 billion for sustainable investment around the world, in line with the EU's Global Gateway strategy.
  • EIB Global will focus on the determination to make transformative projects in countries and communities that need them most a reality, particularly in the green energy, transport, and water sectors.
  • The conference will highlight the importance of partnerships with the private sector to boost sustainable growth and create jobs.

Statistics:

  • The EIB will mobilize around EUR300 billion for sustainable investment around the world, in line with the EU's Global Gateway strategy.
  • 18 countries are classified as Least Developed Countries by the United Nations.
  • The United Nations Conference for Least Developed Countries (LDC5) will take place in Doha, Qatar, from March 5 to 9.
  • EIB Global has offices across the world, with a focus on increasing the impact of international partnerships and development finance.

Sources:

  • M2 PressWIRE - "Accelerating sustainable development around the world: European Investment Bank (EIB) Global at the 5th United Nations Conference for Least Developed Countries" (March 2, 2023)
  • European Investment Bank (EIB) website - [www.EIB.org](http://www.EIB.org)
  • APO Group - Distributed by APO Group on behalf of European Investment Bank (EIB).