IMF AND EIB STRENGTHEN COOPERATIONThe European Investment Bank (EIB) and the International Monetary Fund (IMF) have signed a Memorandum of Understanding (MOU) that enables the two organizations to enhance their close cooperation in advancing the Sustainable Development Goals (SDGs) and in supporting capacity development and institution building. IMF Deputy Managing Director Carla Grasso and Ambroise Fayolle, EIB Vice-President responsible for innovation, signed the agreement today in Lima, Peru on the margins of the IMF-World Bank Annual Meetings.

At the conclusion of the signing ceremony, Ms. Grasso made the following statement:

“This Memorandum of Understanding comes at a very important time, in the wake of the international conferences on Financing for Development in Addis Ababa in July and the Sustainable Development Goals in New York in September, and ahead of the follow-up international conference on climate change in Paris in December. I am very happy that today we are joining forces on advancing the Sustainable Development Goals (SDGs) and strengthening capacity development efforts in order to address global economic challenges in the context of the post-2015 development agenda.

“The EIB is looking forward to reinforcing the joint efforts toward sustainable economic development, financial stability, and inclusive growth. Partnerships are the key to the SDGs’ success and cooperation between IFIs in advancing the post-2015 agenda is critical. This new partnership with the IMF will benefit the membership of the two institutions by promoting synergies and leveraging financial resources for capacity development,” Mr. Fayolle emphasized.

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About The Project

Supported by the Department for International Development (DFID) UK, this 3 year project focuses on deepening the understanding of the international politics of development diplomacy, including the key political drivers that influence and shape development policy internationally and the impact this has on South Africa as an emerging development assistance partner.

Key Themes

This project considers three key areas:

  1. The development of the South African Development Partnership Agency (SADPA);
  2. Trilateral development partnerships; and
  3. Multilateral development cooperation.
Aims and Objectives of The Project

The aims of this project include:

  • improving the understanding of the current transition taking place within multilateral development cooperation in both the geo-political North and South;
  • understanding the role of multilateral development cooperation for South Africa’s foreign policy and international engagement in the short, medium, and long-term;
  • review potential opportunities as well as obstacles in engaging in international development assistance
Contact details
Address:   3rd Floor Robert Sobukwe Building
263 Nana Sita Street
South Africa

PO Box 14349
The Tramshed
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      Telephone:   +2712 337 6082
      Fax:   +2786 212 9442
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