This article is published in association with United Nations. UN High Commissioner for Human Rights Volker Türk has joined the Secretary-General in voicing concern over the situation in Venezuela following the recent presidential election. In a statement issued on Tuesday, Mr. Türk said he was “extremely concerned” about increasing tensions in the South American country. Voting […]Venezuela: UN rights chief concerned about post-election tension and violence
July 31, 2024 by Leave a Comment
This article is published in association with United Nations. UN High Commissioner for Human Rights Volker Türk has joined the Secretary-General in voicing concern over the situation in Venezuela following the recent presidential election. In a statement issued on Tuesday, Mr. Türk said he was “extremely concerned” about increasing tensions in the South American country. Voting […]Poland: EIB extends loan worth more than €230 million to PGE to modernise Polish railway’s power system
July 30, 2024 by Leave a Comment
This article is published in association with European Investment Bank. Polska Grupa Energetyczna (PGE), Poland’s top utility, received a PLN 1 billion loan from the European Investment Bank (EIB) to upgrade power systems for the country’s railway network. The 18-year credit marks the EIB’s sixth contract with the group, which currently benefits from credit lines at […]Healthcare in Sudan ‘hanging by a thread,’ warns UN agency
July 30, 2024 by Leave a Comment
This article is published in association with United Nations. The UN World Health Organization (WHO) on Monday strongly denounced the increasing attacks on healthcare facilities in Sudan, reporting over 20 such incidents in the last two months. In one particularly appalling attack, a hospital was struck last Friday alongside residential areas and a livestock market in […]Commission presents New European Bauhaus (NEB) Investment Guidelines to help investors align projects with NEB’s transformative vision
July 30, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission has adopted the New European Bauhaus (NEB) Investment Guidelines, a tool to illustrate how public and private investments can integrate the values of sustainability, inclusion and aesthetics promoted by the NEB to transform Europe’s built environment. The NEB Investment Guidelines […]UN officials condemn Golan rocket attack that leaves children and teens among at least 12 dead
July 30, 2024 by Leave a Comment
This article is published in association with United Nations. Secretary-General António Guterres and other United Nations officials have condemned Saturday’s rocket attack on a football field in the Golan Heights that killed at least 12 civilians, mainly children and teenagers. Urging restraint, they also warned against escalating violence in the region. The UN chief condemned the […]Commission welcomes text of global E-Commerce Agreement negotiated at the WTO
July 29, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission welcomes the publication today of the text of an E-commerce Agreement negotiated in the World Trade Organization (WTO). The publication follows five years of dedicated negotiations by over 90 WTO Members. The EU played an active role in the negotiation of […]Europeans see democracy and economic power as key strengths of the EU, Eurobarometer shows
July 29, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. A new Eurobarometer survey published today shows that Europeans identify respect for democracy, human rights, and the rule of law (38%) and economic, industrial, and trading power (34%) as the main strengths of the EU, followed by the good relationships and solidarity between the […]Belgian logistics real estate player WDP gets €250 million EIB loan to expand green energy infrastructure at sites across Europe
July 29, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending Belgium-based Warehouses De Pauw (WDP), which develops and leases logistics properties across Europe, €250 million to install rooftop solar panels and increase electric-vehicle charging stations for tenants. The loan is for up to 10 years and will be directed […]Barbados: EIB and Inter-American Development Bank approve guarantees to support climate and fiscal resilience
July 26, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The Inter-American Development Bank (IDB) and the European Investment Bank (EIB) have approved guarantees totalling $300 million to support an innovative debt-for-climate operation that will help Barbados unlock much-needed resources to invest in critical climate adaptation projects, while safeguarding other priorities such as social spending on health […]Italy: Agreement between EIB and SIMEST – over €90 million to promote Italian companies abroad
July 26, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and SIMEST signed an agreement to support the expansion of Italian businesses in Europe through innovative and sustainable investments. In concrete terms, the EIB will provide a €46 million loan to SIMEST, which will enable it to channel additional resources on […]Gaza: Hunger fears persist as Israeli operations further harm enclave’s farmers
July 26, 2024 by Leave a Comment
This article is published in association with United Nations. As President Biden on Thursday prepared to meet Israeli premier Benjamin Netanyahu to discuss progress on a Gaza ceasefire and the release of all hostages still held in the enclave, the spectre of further hunger and malnourishment continued to loom over Gazans, as UN humanitarians warned that […]A Low-Growth World Is an Unequal, Unstable World
July 24, 2024 by Leave a Comment
This article is published in association with IMF. Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome. Kristalina Georgieva The global economy is stuck in low gear, which could deal a major blow to the fight against poverty and inequality. Group of […]EU and Serbia sign strategic partnership on sustainable raw materials, battery value chains and electric vehicles
July 22, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the EU and the Republic of Serbia have signed a Memorandum of Understanding (MoU) launching a Strategic Partnership on sustainable raw materials, battery value chains and electric vehicles. ThePartnershipaims to support the development of new local industries and high-quality jobs along the electric […]Members of Parliament’s committees and subcommittees
July 22, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. On Friday, the members who will sit on each of Parliament’s committees and subcommittees in the tenth legislature were announced in plenary. Following Wednesday’s decision by plenary on the structure and size of Parliament’s standing committees and subcommittees, the political groups and the non-attached […]‘Largest’ displacements so far in Gaza’s war of attrition: UN aid agencies
July 19, 2024 by Leave a Comment
This article is published in association with United Nations. UN humanitarians issued a fresh alert on Thursday about having to cut rations in Gaza where fresh evacuation orders by the Israeli military have prompted “the largest displacements since October” across the enclave. In addition to deep concerns about all those forcibly uprooted from their shelters and […]Commission paves the way for the release of close to €4.2 billion to Ukraine as first regular payment under the Ukraine Facility
July 18, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has given a positive assessment for the first regular payment of close to €4.2 billion under the EU’s Ukraine Facility, to support Ukraine’s macro-financial stability and the functioning of its public administration. Once adopted by the Council, this decision will bring […]IMF and World Bank Working Together to Scale up Climate Finance
July 18, 2024 by Leave a Comment
This article is published in association with IMF. International Roundtable for Scaling Up Climate Finance for BeninTobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department July 17, 2024 I would like to warmly thank the authorities for hosting this kickoff meeting for scaling up climate finance for Benin. I would also like […]Roberta Metsola re-elected as President of the European Parliament
July 17, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. On Tuesday, MEPs re-elected Roberta Metsola (EPP, MT) as President of the European Parliament until 2027, with 562 votes in the first round. Roberta Metsola won the election in the first round of voting, where she received an absolute majority of 562 votes cast […]Stop Squeezing the Baseline!
July 16, 2024 by Leave a Comment
This article is published in association with IMF. Holger van Eden Too much. Ok, dear ministry of finance official, a little squeeze is fine, but decreasing existing expenditure commitments to bare bones levels has serious drawbacks. One of the unintended consequences of squeezing too much is that the baseline, the path of expenditure under unchanged policies, […]Top official warns of weakened regional security following withdrawal from West African economic bloc by Mali, Burkina Faso, Niger
July 15, 2024 by Leave a Comment
This article is published in association with United Nations. Mali, Burkina Faso and Niger’s decision to pull out of the Economic Community of West African States (ECOWAS) “even as terrorism and transnational organized crime remain a pervasive threat”, will be damaging to regional relations all round, said the UN’s top official in the region on Friday. […]Insecurity main obstacle to realizing Colombia Peace Agreement, Security Council hears
July 15, 2024 by Leave a Comment
This article is published in association with United Nations. Although substantial progress has been made in implementing important aspects of the Peace Agreement in Colombia, challenges still remain, the head of the UN Mission in the country said in a briefing to the Security Council on Thursday. The 2016 deal between the national authorities and the FARC-EP armed group in effect ended […]Gaza: There is no alternative to UNRWA, Guterres declares
July 15, 2024 by Leave a Comment
This article is published in association with United Nations. UN Secretary-General António Guterres, standing alongside top officials in New York on Friday, underscored the essential need to bolster the UN agency assisting Palestine refugees (UNRWA) across the Middle East amid continued attacks on its mandate, staff, premises and operations. Speaking at a pledging conference for the […]Forestry company Stora Enso to offer sustainable food and personal care packaging with €435 million EIB loan
July 12, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Investment Bank (EIB) is extending a €435 million credit to forestry company Stora Enso so it can produce greener packaging for foods and personal care products. The loan is for a major upgrade of Stora Enso’s manufacturing site in Oulu, where the company already […]EBRD Issues EUR 1 billion 7-year Green Bond
July 12, 2024 by Leave a Comment
This article is brought to you in association with EBRD. Bond details: Amount: USD 1 billion Settlement date: 17 July 2024 Coupon: 2.875% annual, Act/ac Maturity date: 17th July 2031 Issue price: 99.856 % Re-offer Spread vs Mid Swaps: +12 bps Re-offer Spread to Benchmark: +47.5 bps Listing: London Stock Exchange’s Regulated Market & Luxembourg Green Exchange (LGX) Use […]General Assembly demands immediate end to Russian aggression in Ukraine
July 12, 2024 by Leave a Comment
This article is published in association with United Nations. The UN General Assembly on Thursday demanded that Russia immediately cease its aggression against Ukraine and unconditionally withdraw all military forces from Ukrainian territory. The Assembly also called for an immediate end to attacks against Ukraine’s critical energy infrastructure, following weeks of escalation. The resolution entitled Safety […]Fostering Africa’s Economic Transformation through Innovative Financing
July 12, 2024 by Leave a Comment
This article is published in association with IMF. Keynote Address by Abebe Aemro SelassieDirector of the African Department, IMFAfrica Economic Symposium (AES)Rabat, Morrocco July 11, 2024 Thank you for the invitation and opportunity to address you this afternoon for the second edition of the Africa Economic Summit. It is a great pleasure to be back to […]Commission accepts commitments by Apple opening access to ‘tap and go’ technology on iPhones
July 11, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has made commitments offered by Apple legally binding under EU antitrust rules. The commitments address the Commission’s competition concerns relating to Apple’s refusal to grant rivals access to a standard technology used for contactless payments with iPhones in stores (‘Near-Field-Communication (NFC)’ […]Commission approves €10.4 billion Dutch and French aid measures to provide liquidity support to the Air France-KLM Group during the coronavirus pandemic
July 11, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, Dutch and French support measures of €10.4 billion in favour of the Air France-KLM Group. The two measures were initially approved on 4 May 2020 and on 13 July 2020 by the Commission under the […]European Commission issues €9 billion in its 7th syndicated transaction of 2024
July 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €9 billion of EU-Bonds in its 7th syndicated transaction for 2024. The dual-tranche transaction concerned a new €5 billion bond due on 5 October 2029, and a €4 billion tap of the EU-Bond maturing on 5 October 2054. […]Integrating Economic and Climate Data Will Strengthen Climate Policy
July 10, 2024 by Leave a Comment
This article is published in association with IMF. Data Gaps Initiative helps policymakers better understand the environmental impact of economic activities and the effectiveness of climate policies Jim Tebrake, Francien Berry, Darja Milic As economies worldwide strive to reduce emissions and achieve sustainable growth, reliable data is crucial. It forms the foundation for informed decision-making, guiding […]Greek capital Athens to get more climate-resilient water network under EIB advisory agreement with EYDAP
July 9, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) will provide advisory services to Athens Water Supply and Sewerage Company (EYDAP) in Greece to support the company’s €2 billion, 10-year investment programme to ensure the Greek capital has a more resilient water supply. Under the agreement signed today in Athens, […]After nine months of war in Gaza, another UN school suffers Israeli airstrike
July 9, 2024 by Leave a Comment
This article is published in association with United Nations. /The war in Gaza passed the nine-month mark on Sunday with humanitarians left assessing the damage of a fresh Israeli airstrike on a UN school. “Another day. Another month. Another school hit,” said Philippe Lazzarini, head of UNRWA, the largest aid agency in Gaza, in a post […]Earth’s hottest June on record
July 9, 2024 by Leave a Comment
This article is published in association with United Nations. Last month was the hottest June since records began and the thirteenth month in a row to set a temperature record, according to new data released on Monday from the European Union’s Copernicus Climate Change Service. “These latest figures from the Copernicus Climate Change Service unfortunately highlight that we will be exceeding […]
