The European Investment Bank (EIB), Agence française de développement (AFD) and KfW Entwicklungsbank (KfW) concluded an agreement designed to strengthen their cooperation in the Mediterranean countries and African, Caribbean and Pacific States in which they operate. The agreement builds on their long experience of working together and is based on shared objectives. It also represents a milestone in the partnership policy promoted by the EIB in recent months aimed at coordinating the efforts of all European development players within a formal but pragmatic framework. See EIB release (It is available in English) for further information.