The United Nations Industrial Development Organization (UNIDO) and the European Investment Bank strengthen their cooperation to promote inclusive and sustainable industrial development

UNIDO and the EIB (www.EIB.org) sign a joint declaration to strengthen cooperation; Focus on the circular economy, clean energy, the fight against climate change and access to finance; Initial focus on African, Caribbean and Pacific (ACP) countries

Meeting at the EIB’s headquarters in Luxembourg, Gerd Müller, Director General of the United Nations Industrial Development Organization (UNIDO), and Werner Hoyer, President of the European Investment Bank (EIB), signed a joint declaration to strengthen cooperation in the investment of operations in the area of ​​private sector development, with particular emphasis on inclusive and sustainable industrialization, innovation and resilient infrastructure.

Common areas of cooperation include the circular economy, including through the SWITCH to Circular Economy Value Chains program; clean energy and action against climate change; development of small and medium enterprises; access to finance and investment support; manufacture of pharmaceuticals and vaccines; sustainable transport and electric mobility; and digitalization and the fourth industrial revolution.

UNIDO Director General, Gerd Müller told EIB President Werner Hoyer: “We have long had excellent personal and professional relations. I am very happy to strengthen the partnership between our two organizations to provide innovative and concrete solutions for a global recovery from the COVID-19 pandemic and a green energy transition. Together we can build bridges between developing countries, emerging markets and European partner countries and foster global solidarity. It’s urgent !”

Werner Hoyer, President of the EIB (https://bit.ly/36Jho84) said: “Multilateral cooperation is key to leveraging private investment and making the world’s economies resilient and sustainable. I am delighted to renew our collaboration with UNIDO, which is a key partner in promoting an inclusive green transition globally. Through EIB Global, our new arm for international development and partnerships, we will join forces to reduce poverty and increase investment in sustainable infrastructure”. “I look forward to continuing our long and fruitful cooperation in your new role as Director General of UNIDO,” he told Gerd Müller.

The two institutions intend to explore opportunities for cooperation, particularly in Africa, in UNIDO’s Country Partnership Program (PCP) countries, as well as in the context of African, Caribbean and Pacific (ACP) countries, where the EIB is particularly active. Other possible geographies could include Eastern Europe and the Mediterranean, Central Asia, Asia and Latin America, where both institutions already operate.

UNIDO and the EIB have also agreed to develop and implement crisis and rapid response operations when needed, such as COVID-19 support initiatives or activities to ensure resilient industrial production. and sustainable economic growth.

Distributed by APO Group on behalf of the European Investment Bank (EIB).

Press contacts:
EIB
Anne-Laure Gaffuri

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Phone. : +352 43 79 83689
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Website: www.EIB.org/press

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UNIDO
Charles Arthur

E-mail: [email protected]
Website: www.unido.org/news

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About the EIB:
The European Investment Bank (www.EIB.org) (EIB) is the bank of the European Union owned by its Member States. It makes long-term finance available for sound investments to contribute to EU policy objectives and to achieve the UN Sustainable Development Goals in Europe and beyond.

Over the past 10 years, the EIB has invested more than €70 billion outside the European Union.

Launched in January 2022, EIB Global (www.EIB.org) is the new specialist arm of the EIB Group dedicated to increasing the impact of international partnerships and development finance. EIB Global is designed to foster a strong and focused partnership within Team Europe (https://bit.ly/3D3M5Bj), alongside other development finance institutions and civil society. EIB Global brings the Group closer to local people, businesses and institutions through our offices around the world (https://bit.ly/3ujPGHf).

About UNIDO:
The United Nations Industrial Development Organization (www.UNIDO.org) (UNIDO) is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability. UNIDO’s mission is to promote and accelerate inclusive and sustainable industrial development in its 170 Member States.

This press release was issued by APO. Content is not vetted by the African Business editorial team and none of the content has been verified or validated by our editorial teams, proofreaders or fact checkers. The issuer is solely responsible for the content of this announcement.

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