The FINANCIAL — On 11 November, the board of directors of the European Investment Bank (EIB) approved the EIB Group Climate Bank Roadmap 2021–2025. The roadmap will guide future EIB financing to support €1 trillion of climate action and environmental sustainability investments by 2030, and align all financing activities with the principles and goals of the Paris Agreement by the end of 2020.
Part of this support includes €1.1 billion which will be aimed at improving cities and homes in several countries, including Ukraine.
People living in cities across Poland, Germany, Austria, Ukraine and Mongolia will benefit from improved housing, better municipal services and upgraded urban transport under new sustainable urban investment and social housing financing approved by the EIB.
In Ukraine, the EIB also approved further support for priority investment in towns most impacted by conflict in the east of the country and to meet infrastructure needs for internally displaced people.