EIB Global, the development arm of the European Investment Bank, has signed a cooperation agreement with the Joint European Financiers for International Cooperation (JEFIC) to strengthen coordination among European development finance institutions. JEFIC brings together national bilateral development banks and European financial institutions working with public partners in developing countries, supporting private‑sector mobilisation and regulatory frameworks.
The Memorandum of Understanding establishes a framework for closer collaboration, including regular information exchange, joint discussions on project pipelines, and more efficient co‑financing. Building on tools such as the Mutual Reliance Initiative, the agreement sets the stage for more structured cooperation and shared financing approaches over time.
The partnership reinforces the Team Europe approach and supports investments under the EU Global Gateway strategy, focusing on climate action, sustainable infrastructure, digital connectivity, and inclusive growth. EIB Vice‑President Ambroise Fayolle emphasized that stronger cooperation among European financiers is essential in today’s global environment, noting that the agreement will help turn shared strategic goals into concrete projects with lasting impact.
JEFIC President Dario Scannapieco described the agreement as a strategic milestone, laying the foundation for long‑term partnership through closer alignment and deeper operational cooperation. He highlighted that the deal reflects a shared ambition to build a more integrated and impactful European development finance architecture.
The signing took place during the JEFIC High‑Level Meeting in Rome, hosted by Cassa Depositi e Prestiti. Discussions showcased examples from Africa and Latin America, underlining EIB Global’s role as a catalyst for cooperation by bringing finance, expertise, and long‑term perspective while aligning with EU priorities. The agreement is expected to enhance strategic alignment, mobilize private capital, and deliver larger, faster, and more sustainable investments than institutions could achieve alone.
