IDB and EIB Strengthen Partnership to Boost Development Impact

SEVILLE — At the Fourth International Conference on Financing for Development (FFD4) in Seville, the Inter-American Development Bank (IDB) and the European Investment Bank (EIB) signed a cooperation agreement to increase financing and deliver stronger development impact in Latin America and the Caribbean. 

The agreement reflects a shared commitment by both institutions to work closer and more effectively as a system to increase resource mobilization for the financing of sustainable development in Latin America and the Caribbean. It also strengthens the pipeline of EU-aligned financing under the European Union’s Global Gateway, helping to convert priorities into results on the ground in Latin America and the Caribbean.

The partnership aims to:

• Scale up joint financing – through increased co-financing, including joint sovereign-guaranteed operations such as Results-Based Loans in priority sectors.
• Mobilize private capital – by streamlining collaboration on non-sovereign operations and scaling financial innovations such as blended finance, de-linked guarantees, and co-guarantees to reduce risk and attract investment.
• Strengthen system-wide collaboration – by exploring exposure exchange agreements, expanding mutual reliance beyond procurement to include environmental and social standards and results frameworks, and promoting staff exchanges to deepen operational alignment.
• Align European resources with Latin America and Caribbean priorities – by translating Global Gateway objectives into actionable pipelines and maximizing the impact of EU funding across Latin America and the Caribbean.

“This agreement demonstrates what multilateral development banks can achieve when they act in a coordinated manner: aligning instruments, mobilizing capital, and accelerating results. With the EIB, we are also strengthening ties between Europe and Latin America and the Caribbean, while generating impact on the ground,” said IDB President Ilan Goldfajn.

“Europe stands with Latin America and the Caribbean. With this agreement, we are reinforcing our strategic partnership, which is key to the development of our projects and to achieving greater impact on the ground,” said EIB President Nadia Calviño.