EU
European Commission and #WorldBankGroup renew agreement to strengthen development co-operation
The European Commission and the World Bank Group have signed a Financial Framework Partnership Agreement, which guides the terms under which the Bank Group will use funding from the European Union to implement development projects across the world.
Building on the partners' longstanding co-operation, the agreement will encourage economic growth and digital development, create jobs, reinforce skills, provide support to fragile and conflict affected states, fight climate change and address gender inequalities around the world. In addition, the agreement will help accelerate the partners' joint response to coronavirus crisis, including support to small and medium businesses in emerging economies.
The new co-operation agreement is an update and expansion of a previous agreement dating from 2016 and sets out the modalities through which the two organisations partner. More information is available in this press release. It is the first time that the Commission uses its own e-Signature service – already widely used within the EU, especially to conclude contracts – to sign an international agreement.
Share this article:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Why China and Russia did not come to the aid of Iran? Yes, they did!
Lebanon, Hezbollah and the price of caution
Going down a treat...that's top chef Dev Biswal
Why right-wing populism remains popular 10 years post-Brexit
Improving energy efficiency of buildings to reduce bills and save energy
DG Translation in a city near you: June events
Stepping out...to get the UK back in European Union
Europe's broken promise, 300 million times over
Commission welcomes political agreement on the Return Regulation
Commission issues opinions on temporary internal border controls in Schengen Area
EU and Moldova strengthen cooperation on jobs, skills and social rights
EU agri-food trade surplus expands in February 2026
Commission disburses €7.2 billion to Poland under NextGenerationEU
Africa CDC urges protection for Ebola aid workers
High-speed drama shatters Monaco’s tranquil façade
Mobile liver testing rolls into Brussels
Kazakhstan reforms under scrutiny at Brussels Press Club round table
Japan should face up to history and contribute more to regional peace
Ambassador calls for 'speeding up' of co-operation between EU and Kazakhstan
Timur Turlov at Smart Moves Summit 2025: How chess can transform global education
Shevtsova’s case: Out-of-court sanctions dismantling trust in Ukrainian cause
The future of European transport
Trump Vs Trueman
