EIB Global partners with banks to unlock climate finance
Ethiopia, Sept. 9 -- The European Investment Bank's development arm, EIB Global, has signed technical assistance agreements with Zemen Bank SC, Dashen Bank SC and Hibret Bank in Ethiopia that will support them in strengthening their ability to identify, assess, and manage climate-related risks, integrating them into their business strategies and daily operations. The banks will be better equipped to assess how climate change could impact their clients and encourage investments that strengthen their resilience against extreme weather events such as floods and droughts. In addition, banks' capacities are strengthened to analyse impacts of changing international climate policies on businesses and export-dependent industries.The collaboration w...
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