InvestAI: EU invests 200 billion in Artificial Intelligence

InvestAI - Photo credit: European Union, 2025 - Source: EC - Audiovisual Service - Photographer: Dati Bendo European Commission President Ursula von der Leyen has launched two major tools to boost artificial intelligence in the old continent, making it competitive with the USA and China. This includes InvestAI, an initiative aimed at mobilizing 200 billion euros for AI investments, which includes a new 20 billion euro European fund for AI gigafactories.

Artificial Intelligence, the EU Awards the OpenEuroLLM Project with the STEP Seal

EIB Boosts Investment in Innovation, Energy, and Infrastructure with €2.4 Billion Financing

Photo by Farah Almazouni on UnsplashThe European Investment Bank (EIB) has announced €2.4 billion of new financing to support business innovation, low-carbon energy grids, strategic flood protection initiatives, and upgraded transport networks in Europe and beyond.

African Development Bank approves EUR 139 million loan to support youth employment in Côte d'Ivoire

Photo by Yanick Folly on UnsplashThe African Development Bank (AfDB) has recently approved a significant loan of €139 million aimed at enhancing youth employment in Côte d'Ivoire. This initiative is part of the broader strategy to address the pressing issue of youth unemployment across Africa, which has been exacerbated by economic challenges and the impacts of the COVID-19 pandemic.

Creative Europe 2025: New Calls for Audiovisual and Cultural Sectors

Creative Europe Calls - Photo credit: © European UnionDecember 5 marks the opening of a new round of calls to support the audiovisual sector in Europe comprehensively, promoting film distribution and festival organization in the sector. This enriches the list of 2025 calls under the Creative Europe 2021-2027 programme.

2025 Creative Europe Work Programme: over 338 million for culture and audiovisual

World Bank and Brazilian Governments unite for the Brazil’s Agrifood System Program

Photo by Halanna Halila on UnsplashThe World Bank has announced a significant initiative aimed at transforming Brazil's agrifood system through the Transforming Brazil’s Agrifood System program. This ambitious plan, with a budget of $1.602 billion, is designed to bolster the livelihoods of family farmers across the nation, enhance food security, and promote sustainable agricultural practices

IDB's Support for Suriname: Enhancing Spatial Planning and Environmental Management

Suriname, Photo by Vincent van Zalinge on UnsplashThe Inter-American Development Bank (IDB) recently announced its commitment to support Suriname in improving spatial planning and environmental management. This initiative aims to address the country's pressing challenges in urban development, resource management, and environmental sustainability.

European Commission Unveils Growth Plan for Moldova: A Strategic Response to Regional Challenges

Chișinău, Moldova - Photo by Vasile Stefirta on UnsplashThe European Commission announced a pivotal Growth Plan for Moldova with €1.8 billion, designed to accelerate the country's socio-economic development and support its EU accession ambitions.

ADB Approves Major Irrigation Project in Nepal

Photo by Vidar Nordli-Mathisen on UnsplashThe Asian Development Bank (ADB) has recently approved a significant financing package aimed at enhancing irrigation access in rural Nepal. This initiative is set to transform agricultural practices in the Rautahat and Sarlahi districts of Madhesh Province, where farmers have long struggled with inconsistent water supply.

ADB Approves $162 Million Project to Enhance Tourism in Himachal Pradesh, India

Photo by Bhushan Sadani on UnsplashOn October 2, 2024, the Asian Development Bank (ADB) announced the approval of a $162 million loan aimed at fostering sustainable and inclusive tourism development in Himachal Pradesh, India.

ADB approves programmes to support reforms in the energy and financial markets in Uzbekistan

Photo by Farhodjon ChinberdievThe Asian Development Bank (ADB) has approved two policy-based loans totalling $400 million to support the Government of Uzbekistan’s initiatives to enhance the country’s financial markets and develop a sustainable, market-led power sector.

Clean Industrial Deal and Competitiveness Fund the new Priorities of von der Leyen

Copyright: © European Union 2024 - Source : EPA new “Clean Industrial Deal” within the first 100 days of the mandate to support the competitiveness of European businesses without compromising sustainability ambitions. Additionally, increased research spending, a new European Competitiveness Fund, Union of Savings and Investments, AI Factories, public procurement favoring European products, initiation of new IPCEIs, less bureaucracy, and risk absorption measures for venture capital. These are some of the main policy directions in economic development and competitiveness that will guide the new EU Commission over the next 5 years.