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To enhance the effectiveness of development cooperation, we are one of the partners in the Mutual Reliance Initiative (MRI), which sees the Bank join forces with the French Agency for Development (AFD) and Germany’s KfW Development Bank. The initiative allows the promoters of investment projects co-financed by the three development institutions in EU partner countries to benefit from a larger project finance capacity through a structured division of labour. Blending expertise The EIB, KfW and AFD are all significant players in European external action, but they work under different regulati...

New partnership with Germany to create sustainable employment opportunities for Iraqis [EN/AR/KU] Format Baghdad, 21 December 2020 – Germany has reaffirmed its partnership with the United Nations Development Programme (UNDP) by investing EUR 30 million (US$35.89 million) to enhance economic empowerment and create employment opportunities for vulnerable communities in Iraq. The contribution was made available by the German Federal Ministry for Economic Cooperation and Development (BMZ) with financing provided through Germany’s KfW Development Bank. With that contribution, BMZ has over the ...