UNIDO, European Investment Bank sign climate change joint declaration

LUXEMBOURG, 23 March 2022: 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 enhance cooperation, related to investment operations in the field of private sector development, with a particular focus on inclusive and sustainable industrialisation, and innovation and resilient infrastructure.

Making the announcement through a Press release EIB said joint areas of cooperation include circular economy, notably through the switch to Circular Economy Value Chains programme; clean energy and climate change action; small and medium enterprise development; access to finance and investment support; pharmaceutical and vaccine manufacturing; sustainable transport and e-mobility; and digitalisation and the fourth industrial revolution.

Müller told Hoyer: “We have a long-standing and excellent personal and professional relationship. I am very glad 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. This is urgently needed.”

Hoyer said: “Multilateral cooperation is vital to leverage private investment and make economies across the world resilient and sustainable. I am delighted to renew our collaboration with UNIDO, who is a key partner to promote an inclusive green transition globally. Via EIB Global, our new branch for international development and partnerships, we will join forces to reduce poverty and enhance investment in sustainable infrastructure. I look forward to continuing our long and fruitful cooperation in your new role as Director General of UNIDO.”

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

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