The online event ‘Team Europe: Joining forces for financing the global recovery‘, dedicated to Team Europe’s response to the recovery in emerging and developing economies, the response of European financial institutions to COVID-19 and their coordination initiativesevent took place on 11 September.

The event focused on the European Commission’s recent proposals to strengthen existing and future external instruments, which will help development finance institutions to do even more, to address the healthcare crisis and the socio-economic challenges caused by the pandemic in emerging and developing economies.

Three specific topics have been addressed:

1. Team Europe: Partnerships for impact, cooperation and co-financing instruments (e.g. mutual reliance, European Financing Partners for COVID-19, Vienna Bank Coordination Initiative,…)
2. Countercyclical measures: Resources mobilisation, leveraging, guarantees, innovative approaches and engagements, the EU’s recovery package and the amended multiannual financial framework proposal (e.g. EFSD, NDICI), ensuring an effective EU development finance architecture.
3. Transformative agenda: Support climate action and digital transition, human development (education, health), food security, gender, reinforce resilience and address poverty gap.

Keynote speech from Mrs. Jutta Urpilainen, European Commissioner for International Partnerships

Panel Discussion involving Mr. Ambroise Fayolle, Vice-President of the European Investment Bank (EIB); Mr. Jurgen Rigterink, acting President of the European Bank for Reconstruction and Development (EBRD) and Mr. Bruno Wenn, Chair of the Association of European Development Finance Institutions (EDFI). 

Event introduced and moderated by Dr. San Bilal, Senior Executive, European Centre for Development Policy Management (ECDPM)