- The head of the European Union’s powerful lending arm has urged leaders not to backslide on climate targets amid the energy crisis and signalled a joint action plan from the world’s top development banks at next month’s COP 27 summit and on Ukraine.
- The next focus of this group is the IMF and World Bank meetings in Washington in a week’s time, followed by November’s COP 27 climate summit in Egypt, where Hoyer expects a collective approach.
- Russia is still a shareholder of some other top MDBs and Hoyer warned that some parts of the developing world did not accept the West’s narrative that Russia is to blame for the war and the subsequent surge in energy and food prices.
EIB chief signals joint action plan for COP and giant Ukraine fund
