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The migration problem - from crisis management to crisis prevention

"We must not lose sight of the long-term needs," said EIB President Werner Hoyer at the major donor conference on dealing with the refugee crisis in Washington D.C.

EIB President Werner Hoyer called on ministers, multilateral development banks and international institutions to encourage long-term investments in order to create jobs and important infrastructures in the regions currently affected by the refugee crisis.

He addressed the international conference on the new funding initiative to support the MENA region. This donor conference took place during the spring meeting of the World Bank Group and the International Monetary Fund in Washington D.C. held at ministerial level.

Werner Hoyer welcomed the initiative and commented as follows: “The refugee crisis and the more far-reaching migration problem pose a major challenge for all of us. The multilateral development banks must work together to tackle the crisis in the host, arrival, transit and origin countries. Above all, we must not lose sight of longer-term needs. We must therefore focus more on crisis prevention and less on crisis management in the future. The focus is on schools, water and ICT projects, hospitals and the promotion of start-ups, especially for women and young people.

He added: “We are currently looking at ways at the EIB to increase our lending activities in response to requests from EU leaders. To this end, private investments are to be mobilized with the help of public funds. In this context, grants must increasingly be replaced by loans and other financing instruments. Only in this way can we make a greater contribution to the development goals. Public funds alone will never be enough. "

The EIB plans to provide an additional $ 3.4 billion by 2020 to create jobs and support key infrastructure projects in the Western Balkans, Turkey and the MENA region. This would provide these countries with a total of around 20 billion US dollars in financing by 2020.

Full text of Werner Hoyer's speech at the International Conference on the New Funding Initiative to Support the MENA Region.

The EU bank has been operating in the Mediterranean for more than 35 years. It provides longer-term financing for viable projects in the public and private sectors and thus supports development in the region. Our experience in the MENA region and Turkey is also reflected in funding commitments of more than $ 40 billion. We are therefore well positioned to develop new initiatives.

Our financing activity in the Mediterranean region is based on the EU external mandate of the European Union for the period 2014-2020. Under this mandate, we are working with the EU and our Mediterranean partner countries to promote socio-economic development in the region. Our work is further enhanced by the cooperation between the EIB and the European External Action Service (EEAS) and financing partners, i. H. other European and international financial institutions. In our efforts to promote economic development in the region, we try to coordinate with our partners.

additional Information

The new funding initiative for the MENA region includes two funding facilities, a preferential funding facility and a guarantee facility. It was developed by the World Bank Group (WBG) together with the UN and the IDB Group in order to mobilize additional funding for the MENA region. Multilateral development banks can participate in the initiative as implementing agencies

Background information

The EIB operates in 160 countries around the world. As one of the main actors in the area of ​​development finance, a delegation from the European Investment Bank (EIB) led by President Werner Hoyer will attend the 2016 spring meeting of the World Bank Group and the International Monetary Fund (IMF) in Washington D.C. (USA) part. These conferences are particularly important for all organizations involved in international development cooperation. The EIB is also proud to be able to contribute its know-how.

As a bank of the EU, the EIB offers long-term financing for solid and sustainable investment projects with which it supports the goals of the EU as well as the UN goals for sustainable development and the Paris Agreement on Climate Change within and outside Europe. We are one of the largest multilateral lenders in the world. Our shareholders are the 28 EU member states. The EIB provides long-term finance for sound investment projects, supporting the EU's goals, including the UN Sustainable Development Goals, and the implementation of the Paris Agreement.

It focuses on four priority areas to promote growth and jobs: innovation and knowledge, access to finance, climate and environmental protection and strategic infrastructure.

As the world's largest donor of climate finance, the EIB plays a particularly important role in combating climate change. Last year around 27 percent of their loans were for climate protection projects. The bank wants to increase the proportion of its financing that is intended for climate protection investments to 35 percent by 2020 at the latest in order to support the regions most affected in their adaptation to climate change.

additional Information

Visit our website "Meeting global challenges together" - there you will find updates, news and videos:www.eib.org/globalcooperation

Funding program for refugees: Hope for Syria http://blog.eib.org/hope-for-syrian-refugees/

Migration report: http://www.eib.org/infocentre/publications/all/migration-and-the-eu-challenges-opportunities-the-role-of-eib.htm