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Andrew McDowell (EIB Global): Investing in Europe’s Strategic Future

Andrew McDowell, Director General of EIB Global, explains how EU’s lending institution and multilateral development bank invests in climate, competitiveness and resilience, including €4 billion for Ukraine, and plans to scale EIB Global to €10 billion annually.

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Many of us will have heard of the European Investment Bank. Can you explain the role of the Bank, its key objectives and how it goes about meeting those objectives?

When people think of the European Investment Bank, they often picture a large public financial institution. But the EIB Group is one of Europe’s most important strategic tools. As the EU’s long term lending institution and the world’s largest multilateral development bank the Group exists to help Europe respond to global challenges through investment: from climate transition and digitalisation to competitiveness and social cohesion. Owned by the 27 EU Member States, it exists to advance Europe’s strategic policy objectives at home and across the world. Group’s core mission is to invest in projects that strengthen Europe’s economy while supporting global public goods such as climate action, sustainable infrastructure, digitalisation and social inclusion. We do this by combining our own financing with EU budgetary guarantees, advisory services and partnerships that help mobilise private capital at scale. Within the Group, EIB Global is our dedicated development and external action arm the part I lead. Our job is to take Europe’s strategic priorities abroad and translate them into impactful investment. That means building trusted partnerships, opening markets for European companies, supporting stability in the EU neighbourhood and financing sustainable development worldwide. For me, leading EIB Global means ensuring Europe remains a credible, trusted and proactive partner. We combine our own financing with EU budget guarantees, mobilise private capital where it matters most, and build partnerships that benefit both Europe and the countries we support. In a world defined by uncertainty and competition, we aim to deliver something very concrete: stable, long-term investment that strengthens resilience, opportunity and shared prosperity at home and abroad.

“Investment has become a form of influence.”

How are recent geopolitical changes impacting its agenda?

Geopolitical shifts are reshaping both the EIB Group’s and EIB Global’s agendas and make this work even more critical. For the Group as a whole, Europe’s response to global instability from energy security to industrial competitiveness has required a more strategic use of public investment. The Group is increasingly focused on strengthening Europe’s resilience: clean energy, advanced industries, strategic technologies and robust supply chains. As global competition rises and strategic dependencies become clearer, investment has become a form of influence. That is why the EIB Group has adopted a new Strategic Orientation, allowing EIB Global to scale up its activity to €10 billion per year, respond faster, and tailor solutions to the realities of each region. For EIB Global, geopolitics is even more immediate. Our top priority remains Ukraine, where we have delivered €4 billion to maintain essential infrastructure and support recovery under wartime conditions. Beyond Ukraine, shifting global alliances mean Europe must deepen cooperation with the Western Balkans, the EU Neighbourhood, Sub Saharan Africa and key regions in Asia and Latin America. This includes promoting economic stability, regional connectivity, clean energy transitions and private sector growth. We are also developing new tools to reinforce Europe’s strategic autonomy, from critical raw materials to trade and investment instruments that support EU businesses abroad. Geopolitics isn’t just influencing our agenda; it is accelerating it.

Any specific areas of focus in terms of your investment strategy which present opportunities?

Across the EIB Group, the strongest opportunities lie where Europe’s climate, competitiveness and security priorities converge. For example, we are helping scale up renewable energy and green hydrogen production, financing battery and semiconductor manufacturing to strengthen Europe’s industrial base, and upgrading electricity grids so that clean power can move across borders. These are not just green projects they are investments that shape Europe’s long-term resilience. For EIB Global, the opportunity landscape is equally dynamic. In the Western Balkans, we are financing rail corridors that connect the region directly to EU markets. In the Southern Neighbourhood, we are expanding large scale solar and wind projects, such as in Morocco and Egypt. In Sub Saharan Africa, demand is rising for clean water systems, rural electrification and digital connectivity. A fast-growing focus is critical raw materials: from sustainable lithium extraction in Latin America to rare earth processing in Africa, helping secure inputs essential for Europe’s clean tech industries. New trade and investment tools will also allow EU companies to expand responsibly into high growth markets. In short, opportunities today sit where impact, strategic relevance and economic potential meet and that is exactly where EIB Global is positioning itself.

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