The European Investment Bank has reaffirmed its commitment to strengthen financial and technical support for sustainable agriculture, clean energy, water, infrastructure and microfinance to create jobs and resilience in 11 Sahel countries
“Communities across the Sahel are threatened by climate change, increasingly frequent droughts and floods, and unreliable and limited access to energy, water and food. The European Investment Bank, as part of Team Europe and member of the Sahel Alliance, recognises the need to scale up investment that tackles these challenges, delivers sustainable development and improves stability in the region.
The EU Bank is pleased to join African and international partners in ensuring that the Great Green Wall biodiversity initiative improves lives and opportunities across the Sahel. Looking ahead, the EIB expects to back transformational public and private sector investment in 11 Sahel states most vulnerable to climate change as part of our commitment to accelerate high-impact investment across Africa. This will complement our broader strategic engagement across Africa and 58-year track record of backing transformational investment on the continent.” said Werner Hoyer, European Investment Bank President.