This article is published in association with European Investment Bank.
The Inter-American Development Bank (IDB) and the European Investment Bank (EIB) signed a cooperation agreement to increase financing and deliver stronger development impact in Latin America and the Caribbean (LAC), during the Fourth International Conference on Financing for Development (FFD4) in Seville.
The agreement reflects a shared commitment by both institutions to work closer and more effectively as a system to increase resource mobilisation for the financing of sustainable development in LAC. It also strengthens the pipeline of EU-aligned financing under the European Union’s Global Gateway, helping to convert priorities into results on the ground in Latin America and the Caribbean.
The partnership aims to:
- Scale up joint financing – through increased co-financing, including joint sovereign-guaranteed operations such as Results-Based Loans in priority sectors.
- Mobilise private capital – by streamlining collaboration on non-sovereign operations and scaling financial innovations such as blended finance, de-linked guarantees, and co-guarantees to reduce risk and attract investment.
- Strengthen system-wide collaboration – by exploring exposure exchange agreements, expanding mutual reliance beyond procurement to include environmental and social standards and results frameworks, and promoting staff exchanges to deepen operational alignment.
- Align European resources with LAC priorities – by translating Global Gateway objectives into actionable pipelines and maximising the impact of EU funding across LAC.
“This agreement shows what MDBs can do when we act as a system – aligning tools, mobilising capital and speeding up delivery. Together with the EIB, we’re also strengthening the bridge between Europe and Latin America and the Caribbean, while creating impact on the ground,” said IDB President Ilan Goldfajn.
“Europe supports Latin America and the Caribbean. This new agreement strengthens our strategic partnership, which is key to developing our projects and having greater impact on the ground,” said EIB Group President Nadia Calviño.
About the IDB
The Inter-American Development Bank (IDB) is devoted to improving lives across Latin America and the Caribbean. Founded in 1959, the IDB works with the region’s public sector to design and enable impactful, innovative solutions for sustainable and inclusive development. Leveraging financing, technical expertise and knowledge, it promotes growth and well-being in 26 countries.
About EIB Global:
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. It finances investments that pursue EU policy objectives.
EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world. Photos of EIB headquarters for media use are available here. http://twitter.com/EIB https://www.linkedin.com/company/eib-global/
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