Signed at the EIB’s delegation offices in Washington DC on Saturday 16th, the Memorandum of Understanding paves the way for more project partnerships between the two organizations, particularly in the context of emerging economies. Future collaboration will target ongoing challenges to sustainable development, including poverty, the effects of climate change, and developing the capacity of private-sector actors as positive contributors towards growth.
In the spirit of the newly adopted 2030 Agenda, which calls for the revitalization of global partnerships for sustainable development, this new agreement leverages the strengths and capacities of both the EIB and UNOPS.
The EIB has a track record of investment in fragile economies and conflict areas. These places face the most significant humanitarian challenges, and need investment the most. We are aware of this and are proactive in our response .This agreement offers a real opportunity for us to work together with UNOPS on a range of humanitarian and development projects. We share similar high standards when it comes to the social and environmental impacts of our projects. By working together, sharing knowledge, good practice and expertise, the EIB and UNOPS can catalyse further involvement in projects and enhance their credibility, for the benefit of populations that need it most.
Together, the EIB and UNOPs share a track record of more than 80 years of experience in development contexts, often in some of the world’s most challenging environments. Both organizations instil a strong emphasis on capacity development and local ownership.
The path to sustainable development to 2030 starts with an investment in good partnerships; those that build on respective strengths to ensure that projects are identified, designed and implemented to the highest standards. We share with the EIB a passion for helping people build better lives.
The agreement comes as government officials, civil-society organizations, and key figures from the private and public sectors gathered in Washington DC for the Spring Meetings of the IMF and the World Bank Group to discuss the key challenges of climate change, development and the eradication of poverty.
Cover Photo: getty / WALTER ASTRADA