Algeria 
Egypt 
Jordan 
Lebanon 
Libya 
Morocco 
Palestine * 
Syria * 
Tunisia EIB signs agreement with EBRD to strengthen impact of projects around the world
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have deepened their long-standing partnership by signing a Mutual Reliance Agreement on environmental and social aspects. The agreement will make it easier to finance projects together and get them off the ground more quickly in common countries of operation. It will also reduce red tape for our our clients. The agreement, signed in April in Washington on the sidelines of the Spring Meetings of the World Bank Group and the International Monetary Fund, represents a step change in the EIB-EBRD partnership and sends a strong signal on the determination to improve cooperation among Multilateral Development Banks – in order to increase their impact, as outlined in the Viewpoint Note jointly adopted in 2024: Multilateral Development Banks: Working as a System for Greater Impact and Scale. The agreement also aligns with the recommendations of the G20 Roadmap for Better, Bigger, and More Effective Multilateral Development Banks (MDBs), which calls on MDBs to enhance country-level coordination and co-financing, including through mutual reliance agreements for greater development financing efficiency.
Countries covered:
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Algeria
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Egypt
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Jordan
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Lebanon
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Libya
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Morocco
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Palestine *
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Syria *
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Tunisia
