Pact of Amsterdam makes EIB a key player in the Urban Agenda for the EU Ministers from across the EU signed the Pact of Amsterdam today, putting the European Investment Bank at the heart of the drive to build sustainable communities through local and regional governments. The Pact lays out the framework for the Urban Agenda for the EU, which directs EU institutions to work for better funding, regulation, and knowledge-sharing for local and regional governments. That’s important, because 70% of Europeans live in urban areas—a figure that’s expected to increase to 80% by 2050. “The Urban Agenda of the EU is a