Impact Investing

Why Value Investing in Cities Matters Now More Than Ever | Bloomberg CityLab 2026

Bloomberg Philanthropies
Bloomberg Philanthropies•May 29, 2026

Why It Matters

With most people living in cities, EIB financing and know-how can accelerate climate resilience, public services and affordable housing at scale, shaping investment flows and reducing fiscal pressure on local governments. Its ability to de-risk projects also helps attract private capital into critical urban infrastructure.

Summary

European Investment Bank President Nadia Calvino told Bloomberg CityLab that cities are central to delivering resilience, services and the green transition, and that the EIB is a key partner financing and advising urban projects worldwide. Over the past 15 years the bank has provided more than €80 billion for urban infrastructure, directs roughly one-quarter of its lending to cities and allocates about 60% of financing to climate-related investments. Calvino highlighted flagship projects such as Lisbon’s flood-prevention tunnels, the EIB’s ability to mobilize private capital through technical expertise, and a stepped-up focus on affordable housing with a €6 billion housing target this year. As a non-profit lender the EIB reinvests roughly €3 billion of annual profits to offer long-term, low-cost loans to municipalities.

Original Description

As cities confront growing climate, infrastructure, and equity challenges, how can long-term investment help shape a more sustainable future?
At Bloomberg CityLab 2026, Nadia Calviño, President of the European Investment Bank, joined Bloomberg News anchor Francine Lacqua to discuss the importance of investing in cities and how the bank is supporting projects designed to create long-term economic, environmental, and social impact in communities across Europe, Africa, Latin America, and Asia.
About Bloomberg Philanthropies:
Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2024, Bloomberg Philanthropies distributed $3.7 billion.
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Why Value Investing in Cities Matters Now More Than Ever | Bloomberg CityLab 2026

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