An agreement that involves harmonized procurement procedures and allows the two institutions to proceed with the implementation of the Roadmap for Multilateral Development Banks, decided by the G20 in Rio de Janeiro.
Building on a long-standing relationship, the EIB and CEB have decided to further strengthen their ties and collaboration, aiming to jointly finance larger projects than those the two banking institutions could support alone.
The collaboration between EIB and CEB
As already mentioned, the two banks can already rely on solid collaborative relationships. They have multiple experiences of co-financing projects that promote social and economic development throughout Europe.
Recent examples of collaboration, the two institutions highlight, include financing vital water irrigation investments in Greece; joint support for a major cultural, social, and educational hub in Cyprus; and investment in water and sewage facilities in Serbia.
