NIB showcases green investment drive

Take note – story published 1 year and 6 months ago

The Nordic Investment Bank (NIB) – in which Latvia is a shareholder – and other international financial institutions (IFIs) are launching a joint video campaign dubbed 'Investing for a greener world' to showcase their role in climate change solutions, ahead of the COP27 meeting.

The group of IFIs includes the African Development Bank (AfDB), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Black Sea Trade and Development Bank (BSTDB), Caribbean Development Bank (CDB), Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Inter-American Development Bank (IDB), Islamic Development Bank (IsDB), New Development Bank (NDB), the Nordic Investment Bank (NIB) and the World Bank Group (WBG).

The IMF is supporting this initiative within the context of its mandate to assist its member countries in addressing climate change to safeguard their macroeconomic and financial stability and promote global growth.

“As an international financial institution, NIB is committed to provide long-term financing to promote renewable energy, energy efficiency and other measures of abating and adapting to climate change. We need to solve the climate challenge in line with the Paris Climate Agreement whilst building resilient, prosperous, and well-functioning societies. This joint campaign with other international financial institutions shows our collective investment for a greener world,“ said André Küüsvek, NIB President and CEO.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries.

 

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