The European Investment Bank (EIB) has approved €2.4 billion in new financing to support various sectors in Europe, including clean energy, transport, telecommunications, and flood protection. The EIB Board of Directors discussed the strategic reorientation of EIB Global to align with EU external policy priorities, emphasizing investments that contribute to a stronger and more sustainable Europe. The EIB aims to increase support for electricity networks in Europe to bring cheaper and cleaner energy to households and businesses. Notably, the EIB approved funding to expand hydrogen production, strengthen electricity distribution, and enhance flood protection in Poland. Additionally, support was provided to repair damaged heating infrastructure in Ukraine. Outside the EU, financing was agreed upon to upgrade electricity distribution in Panama to promote renewable energy use and expand power distribution. Furthermore, the EIB endorsed financing for innovation and investment to improve energy efficiency and sustainability, including projects in automotive-components research, low-carbon glass production, and climate action in the Netherlands. The Board also approved financing for transport and telecom networks in the EU and Colombia, focusing on enhancing connectivity and sustainability. Overall, the EIB's investments aim to drive environmental sustainability, innovation, and infrastructure development in Europe and beyond, contributing to a more prosperous and secure future.