EU’s lending arm joins India-led Coalition for Disaster Resilient Infrastructure

The European development bank intends to work with CDRI members, to take forward EU initiatives to achieve sustainable global connectivity.

EU’s lending arm joins India-led Coalition for Disaster Resilient Infrastructure
European Investment Bank president Werner Hoyer (Image: Twitter/ @EIB)

The European Investment Bank (EIB), the lending arm of the European Union (EU), has joined the India-led Coalition for Disaster Resilient Infrastructure (CDRI) as part of efforts to limit damage caused by climate change.

EIB will work with national governments, UN agencies, multilateral development banks and the private sector, that are part of CDRI, to promote the rapid development of infrastructure resilient to climate change and natural disasters around the world.