Inter-American Deve lopment Bank (IDB) President, Luis Alberto Moreno, and European Investment Bank (EIB) Vice-president, Carlos Da Silva Costa, signed a Memorandum of Understanding today in Lisbon, on the margins of the XIX Ibero-American Summit. “Our cooperation and co-financing with the EIB are in line with our collective objectives of supporting economic growth, build infrastructure with a solid environmental focus, foster private sector development and create employment opportunities,” IDB president Luis Alberto Moreno said.  EIB Vice-president declared “the Memorandum signed today allows for an improved collaboration between IDB and EIB, which has already proved its usefulness during the last five years, achieving significant synergies between the respective functional advantages and regional specialities of the two institutions in order to provide a better support to the Latin American investment effort.” [more]