Belgian Prime Minister Alexander De Croo said on Thursday he is in favor of involving the European Investment Bank in the financing of new projects to combat climate change. This statement comes as the European Investment Bank has an over half-trillion-euro balance sheet — and real power to invest in the green transition. The bank's Vice-President Thomas Ostros also announced that they are seeking climate-related investments in Africa, showcasing their commitment to global sustainability.
In a push for further development, Germany, France, and a dozen other EU countries are urging the EIB to change its policy on defense investment. This potential shift could have significant implications for the bank's future investments and partnerships. The European Investment Bank's influence continues to grow as it explores new avenues for funding and support.
Meanwhile, Deutsche Bank, Germany's largest bank, recently announced a 5.5% cut in its bonus pool for last year. This move highlights the shifting landscape of financial institutions in the eurozone. On the other hand, the European Investment Bank Institute has renewed its support to Europa Nostra and the 7 Most Endangered Programme, showcasing its commitment to cultural preservation and heritage projects.