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EIB sets new 35% target for climate lending in developing countries

2015-10-10 13:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: The European Investment Bank (EIB), the worlds largest lender for climate related projects, will increase the proportion of its lending in support of climate related investment in developing countries from 25% to 35%. Speaking at a meeting of finance Ministers and multilateral financial institutions at the IMF -- World Bank annual meetings in Lima, Werner Hoyer confirmed that the European Investment Bank will increase climate lending in countries identified by the UNFCCC and the OECD as being...

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