EUROPEAN INVESTMENT BANK FINANCING OPPORTUNITIES

Size: px
Start display at page:

Download "EUROPEAN INVESTMENT BANK FINANCING OPPORTUNITIES"

Transcription

1 EUROPEAN INVESTMENT BANK FINANCING OPPORTUNITIES Trade Seminar SADC EPA Group EIB Southern Africa & Indian Ocean Regional Office Pretoria, RSA November 2012 European Investment Bank 1

2 SUMMARY 1. General Introduction 2. The EIB and the ACP & OCT mandate 3. The EIB in Botswana 4. The EUAITF 5. Cooperation EIB/EU/MS European Investment Bank 2

3 General Introduction 1. General Introduction 1.1 EIB at a glance 1.2 External Mandates European Investment Bank 3

4 EIB: European Union s long term financing institution Birth: Treaty of Rome, 1958 Shareholders: 27 EU Member States Subscribed Capital (2009): EUR 232.4bn Purpose: Policy-driven bank: EIB implements EU policy Provide long term lending to promote European objectives * Support of EU Development and Cooperation Policies in Partner Countries European Investment Bank 4

5 EIB: European Union s long term financing institution Europe still EIB s main focus but the Bank works in nearly 150 other countries, under EU cooperation agreements Investment in 2011 Total EUR 60.9bn EUR 53.8bn inside EU EUR 7.1bn outside EU Biggest group of countries are the ACP African, Caribbean & Pacific countries. EIB working in some of them for over 45 years In the ACP, the EIB has channelled some EUR 13 billion to investment EUR 5.5 billion since 2003 (76% to private sector) Plus EUR 2.4bn in South Africa since 1995 European Investment Bank 5

6 ACP Mandate 2.1 The EIB and the ACP & OCT mandate Purpose and Priorities Beneficiaries Financial Products Terms and Conditions Project requirements 2011 Key results European Investment Bank 6

7 EIB lending in ACPs & OCTs European Investment Bank 7

8 The EIB mandate under Cotonou Purpose & Priorities Build up economic infrastructure Private Sector Development Support Foreign Direct Investment Development of local financial sector Support for commercially viable public enterprises Encourage public/private partnerships European Investment Bank 8

9 The EIB Mandate under Cotonou Notable developments Subsidies (limited) available to increase concessionality mainly for infrastructure projects in LDCs, post-conflict and post natural disaster countries, HIPC countries, and projects with substantial and clearly demonstrable environmental or social benefits (new Results Measurement (REM) framework as of 1st January 2012) Seek complementarities with operations/ instruments of EU, bilateral or multilateral institutions (EU-Africa Infrastructure Trust Fund) Play a catalytic role in mobilising local resources and encouraging foreign lending and investment European Investment Bank 9

10 Who can benefit? Private entrepreneurs and commercially-run public sector enterprises Investment funds and other financial intermediaries ACP and EU Member States entrepreneurs Large enterprises and MSMEs European Investment Bank 10

11 Instruments: Investment Facility Flexible / risk-bearing financial instruments denominated in EUR, widely traded currencies or local currencies Senior loans Junior or subordinated loans Quasi-equity funding Equity funding Guarantees Currencies Internationally traded currencies Local currencies Interest rate subsidies Technical assistance European Investment Bank 11

12 Instruments: EIB Own Resources Funds borrowed on the capital markets providing Direct loans / senior debt Intermediated loans Currencies EUR and internationally traded currencies 1st class guarantee or prime-quality security usually required (unless sovereign risk) European Investment Bank 12

13 Interest Rate Subsidies Available to increase concessionality for: Infrastructure projects in Least Development Countries, post-conflict and post-natural disaster countries, HIPC countries Projects with substancial and clearly demonstrable environmental or social benefits Restructuring operations in the framework of privatisations By end-2011, a total of EUR 81m in interest rate subsidies committed in favour of 45 projects in the ACPs and OCTs European Investment Bank 13

14 Technical assistance Up to EUR 40m over the period to provide Project-related TA grant funding covering the whole project cycle Aim(s): enhancing project quality and success-rate increasing the efficiency of EIB s investment activities complementing other EIB products European Investment Bank 14

15 Terms and Conditions EIB operates on market related terms: Risk pricing Cost recovery Long maturities and grace periods EIB = catalyst encourages co-financing Max. 50% of funding is provided by EIB Direct or indirect intervention Major / smaller scale investments European Investment Bank 15

16 Project requirements Projects should be: Technically sound Financially viable Show a positive impact on the economy Results Measurement Framework (REM) Comply with environmental protection requirements If in public sector, follow open tendering principles (competition to cut costs and protect the consumer) Significant financial contribution from promoter Co-financiers (EIB maximum 50% of project cost) European Investment Bank 16

17 2011 Key Results in the ACPs and OCTs EUR 590.5m total lending 26 projects in 13 countries, and 5 regional groupings 68% of projects in support of financial sector operations, representing 42% in terms of value 30% of lending targeted SMEs EUR 81m of grant funding in the form of technical assistance and interest rate subsidies 38% of projects co-financed with other development finance institutions, of which 92% were non-financial sector operations A further EUR 165m was signed for 3 projects in South Africa, bringing total lending for 2011 to EUR 755.5m EIB disbursed a record EUR 428m in 2011 European Investment Bank 17

18 Signed in ACP (IF & OR) Breakdown by Sector Credit Lines - EUR 198m Transports - EUR 180m Water, Sewerage - EUR 102m Energy EUR 57m Services EUR 46m Telecommunications EUR 8m 68% of operations targeted the financial sector / financial services, including microfinance European Investment Bank 18

19 Signed in ACP (IF & OR) Breakdown by Region Southern Africa & Indian Ocean - EUR 184m Central & Eastern Africa - EUR 165m Caribbean - EUR 123m West Africa & Sahel EUR 101m Regional Africa & ACP States EUR 17m European Investment Bank 19

20 EIB in Botswana Involved since 1980 Financed 18 projects Sectors Totalling EUR m Energy; 42.6 Services; 0.25 Industry; 15 Agriculture, Fisheries, Forestry; 2 Water, Sewerage; 72.9 European Investment Bank 20

21 Examples of Projects Name of Project Status Sector Signature Date Description of Project Amount in m EUR Martin s Drift Kimberlite Project Disbursed Industry 24/10/2007 Development of diamond mine near Lerala, eastern Botswana 5.0 Fabulous Flowers Fully Reimbursed Agriculture 04/10/2004 Production roses and export of 2.0 Francistown Water Supply Disbursed Water 14/02/2003 Extension of water supply network for greater Francistown area 12.5 Botswana Power Corporation V Disbursed Energy 17/06/1996 Construction of electricity substation to interconnect with Zimbabwe and South African networks 6.6 North South Carrier Disbursed Water 23/10/1995 Construction of dam for supplying water to Gaborone 40.0 European Investment Bank 21

22 EU-Africa Infrastructure Trust Fund 4. The EU Africa Infrastructure Trust Fund Eligible projects / Beneficiaries Products Projects financed in Mozambique and SADC European Investment Bank 22

23 EU-Africa Infrastructure Partnership Eligible Projects / Beneficiaries Trans-border infrastructure projects linking African populations, countries and regions National projects with clear international vocation (airports, maritime ports ) National projects that in practice close gaps in regional or transborder networks Sectors: Energy, Water, Transport, ICT Ownership: Public, Private and mixed-capital projects all eligible European Investment Bank 23

24 The Trust Fund provides grant support in 4 ways: Interest rate subsidies on medium/long term project loans Technical assistance, feasibility studies and project-related capacity building One-off grants for social or environmental components Payment of early-stage premiums on project risk insurance (risk mitigation) European Investment Bank 24

25 EU-Africa Infrastructure Partnership Current Projects / Beneficiaries In SADC areas: Caprivi Link Interconnector (Nam, Btw, Zam, Zim) EASSY Undersea Telcoms cable (Eastern & Southern Africa) (ITC) Beira Corridor project Sena Railway & Beira Port (Mozambique) (transport) Ruzizi 3 (Great Lakes Region) (energy) Tanzania Energy Backbone (energy) CESUL project in Mozambique (energy) Lesotho Highlands (water) European Investment Bank 25

26 Future Cooperation 5. Cooperation EIB / EU / MS EU programming - 11th EDF SE4ALL Mutual Reliance Initiative (EIB/AFD/KfW) Other forms of blending with bilateral MS Projects in pipeline: Energy, Financial Sector, Water, Transport European Investment Bank 26

27 EIB Contact Details European Investment Bank, Southern Africa and Indian Ocean Regional Representation, Greenpark Estates, 27 George Storrar Drive Pretoria, RSA Tel. +27 (0) Mob. +27 (0) or Web: European Investment Bank 27

ACP Investment Facility

ACP Investment Facility ACP Investment Facility Presentation by H. Rüttgers, HoD Portfolio Management & Policy, ACPIF Department, EIB to the ACP-EU Joint Parliamentary Assembly Committee on Economic Development, Finance and Trade

More information

EDF SEMINAR - PRAGUE

EDF SEMINAR - PRAGUE THE INVESTMENT FACILITY AND THE EU-AFRICA INFRASTRUCTURE TRUST FUND MANAGED BY THE EUROPEAN INVESTMENT BANK EDF SEMINAR - PRAGUE Luis Baptista (ACP / IF Department) Prague, 27th April 2010 European Investment

More information

European Investment Bank

European Investment Bank European Investment Bank AFRICA,CARIBBEAN & PACIFIC REGION EIB/FEACO/EFCA Conference on EIB Lending Outside the EU C. Collin 28/06/2007 EIB LENDING TO THE ACP STATES African, Pacific and Caribbean countries:

More information

Introduction to EIB activities in the OCTs

Introduction to EIB activities in the OCTs The (EIB) Introduction to EIB activities in the OCTs OCT-EU Forum Brussels, 5 th December 2013 EIB Caribbean and Pacific OCTs Divisions 1 The (EIB) European Union s long-term lending bank set up in 1958

More information

European Investment Bank

European Investment Bank Sustainable Energy for African LDC Dar es Salam, 5-6 December 2016 Catherine Collin Head of EIB Regional Represenation for Eastern Africa 1 The EU bank Natural financing partner for the EU institutions

More information

Introduction to EIB activities in the OCTs

Introduction to EIB activities in the OCTs The (EIB) Introduction to EIB activities in the OCTs OCT-EU Forum Ilulissat, Greenland, 26-27th September 2012 Flavia Palanza, Associate Director, Africa, Caribbean and Pacific Investment Facility Department

More information

The European Investment Bank (EIB): Financing for Sustainable Economic Growth in the Caribbean

The European Investment Bank (EIB): Financing for Sustainable Economic Growth in the Caribbean The (EIB): Financing for Sustainable Economic Growth in the Caribbean 16 May 2017 Floris Vermeulen Investment Officer f.vermeulen@eib.org +1 (246) 434 8550 The EIB: the bank of the European Union What

More information

European Development Fund Procedures - A Guide. By Dr C. Manyeruke. TRADE AND DEVELOPMENT STUDIES CENTRE Harare, Zimbabwe

European Development Fund Procedures - A Guide. By Dr C. Manyeruke. TRADE AND DEVELOPMENT STUDIES CENTRE Harare, Zimbabwe European Development Fund Procedures - A Guide By Dr C. Manyeruke TRADE AND DEVELOPMENT STUDIES CENTRE Harare, Zimbabwe July 2007 1 Contents Introduction 3 The 9 th European Development Fund 5 Terms and

More information

European Investment Bank in Armenia Welcome Speech. Mr. Jan Vapaavuori Vice President

European Investment Bank in Armenia Welcome Speech. Mr. Jan Vapaavuori Vice President European Investment Bank in Armenia Welcome Speech Mr. Jan Vapaavuori Vice President Yerevan 18 November 2016 European Investment Bank 1 European Investment Bank in Armenia Welcome Speech Dr. Piotr Antoni

More information

European Investment Bank

European Investment Bank European Investment Bank Great Lakes Regional Private Sector Forum Nairobi 22 June 2018 Catherine Collin Head of EIB Regional Representation for East Africa 22/06/2018 1 EIB: the bank of the European Union

More information

Financing new mobility needs and trends preparing the infrastructure of the future. Neil Valentine Head of Strategic Roads Division

Financing new mobility needs and trends preparing the infrastructure of the future. Neil Valentine Head of Strategic Roads Division Financing new mobility needs and trends preparing the infrastructure of the future Neil Valentine Head of Strategic Roads Division Corporate Presentation 2017 30/05/2017 1 The EIB: the EU bank Natural

More information

MEMORANDUM OF UNDERSTANDING. between THE EUROPEAN INVESTMENT BANK. and THE INTER-AMERICAN DEVELOPMENT BANK

MEMORANDUM OF UNDERSTANDING. between THE EUROPEAN INVESTMENT BANK. and THE INTER-AMERICAN DEVELOPMENT BANK MEMORANDUM OF UNDERSTANDING between THE EUROPEAN INVESTMENT BANK and THE INTER-AMERICAN DEVELOPMENT BANK 13 December 2004 MEMORANDUM OF UNDERSTANDING between THE EUROPEAN INVESTMENT BANK and THE INTER-AMERICAN

More information

finance institution Bram SCHIM VAN DER LOEFF

finance institution Bram SCHIM VAN DER LOEFF finance institution Pro Invest Consu ultation meeting Bram SCHIM VAN DER LOEFF Presentationn Structure EIB-background capital & lending . EIB - European Union s Created by the Treaty of Rome in 1958, to

More information

Results financing EIB operations outside the EU

Results financing EIB operations outside the EU Results financing EIB operations outside the EU The European Investment Bank (EIB) is the EU bank. We support the EU s external priorities in some 160 partner countries worldwide, applying EU standards

More information

ACP- EC COTONOU AGREEMENT

ACP- EC COTONOU AGREEMENT ACP- EC COTONOU AGREEMT AFRICAN, CARIBBEAN AND PACIFIC GROUP OF STATES COUNCIL OF THE EUROPEAN UNION Brussels, 29 May 2007 ACP/81/036/07 ACP-CE 2113/07 ACP-EC DECISION Subject : Decision No 1/2007 of the

More information

Multilateral Funding

Multilateral Funding East African Power Industry Convention eapic Nairobi, 31 August 3 September 2010 Multilateral Funding Kurt Simonsen Head of Regional Representation EIB East & Central Africa Office European Investment

More information

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development. Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. 76 IFC ANNUAL REPORT 2016 Where We Work As the largest global development institution

More information

The EIB Group and MALTA. 31/10/2017 European Investment Bank Group 1

The EIB Group and MALTA. 31/10/2017 European Investment Bank Group 1 The EIB Group and MALTA 31/10/2017 European Investment Bank Group 1 The EIB Group Providing finance and expertise for sound and sustainable investment projects Leading developer of risk financing for innovative

More information

Innovation in public-private financing instruments the role of the EIB and of EFSI in boosting clean energy investment in 2030

Innovation in public-private financing instruments the role of the EIB and of EFSI in boosting clean energy investment in 2030 Innovation in public-private financing instruments the role of the EIB and of EFSI in boosting clean energy investment in 2030 Boosting the clean energy infrastructure pipeline 2020-2030: the role of National

More information

Update: Interim Economic Partnership Agreements

Update: Interim Economic Partnership Agreements TRADE POLICY in PRACTICE GLOBAL EUROPE 13 December 2007 Update: Interim Economic Partnership Agreements The EU and the African, Caribbean and Pacific countries (ACP) have been working to put in place new

More information

The role of the private sector in EU development policy

The role of the private sector in EU development policy The role of the private sector in EU development policy Seminar "Private Sector Development in EU External Action Programmes" Antti Karhunen, Head of Unit "Private framework development, trade and regional

More information

FROM BILLIONS TO TRILLIONS:

FROM BILLIONS TO TRILLIONS: 98023 FROM BILLIONS TO TRILLIONS: MDB Contributions to Financing for Development In 2015, the international community is due to agree on a new set of comprehensive and universal sustainable development

More information

How the Post-Cotonou Agreement can support EU investment and private sector development in ACP countries

How the Post-Cotonou Agreement can support EU investment and private sector development in ACP countries 27 April 2018 How the Post-Cotonou Agreement can support EU investment and private sector development in ACP countries Following the European Commission s recommendation for a Council Decision authorising

More information

Bahk Byongwon. Board Member, Korea API and Former Senior Economic Advisor to the President of Korea. Tokyo, Japan 11 May 2011

Bahk Byongwon. Board Member, Korea API and Former Senior Economic Advisor to the President of Korea. Tokyo, Japan 11 May 2011 Bahk Byongwon Board Member, Korea API and Former Senior Economic Advisor to the President of Korea Tokyo, Japan 11 May 2011 Contents 1. European Bank for Reconstruction and Development (EBRD) 2. Black

More information

EuropeAid Co-operation Office. Intra ACP Private Sector Development & Trade Related Assistance Programmes. Version 2011

EuropeAid Co-operation Office. Intra ACP Private Sector Development & Trade Related Assistance Programmes. Version 2011 EuropeAid Co-operation Office Version 2011 Intra ACP Private Sector Development & Trade Related Assistance Programmes Intra ACP programmes App. 12% of 10 th EDF (EUR 2.7 billion) in the intra ACP envelope.

More information

Regional integration and 11 th EDF support in the Eastern, Southern Africa and the Indian Ocean region

Regional integration and 11 th EDF support in the Eastern, Southern Africa and the Indian Ocean region Regional integration and 11 th EDF support in the Eastern, Southern Africa and the Indian Ocean region ACP-EU joint Parliamentary Assembly 11 th Regional meeting A new approach to Regional programming

More information

EBRD: a finance partner to Small and Medium Enterprises. October 2014

EBRD: a finance partner to Small and Medium Enterprises. October 2014 EBRD: a finance partner to Small and Medium Enterprises October 2014 Contents EBRD at a glance The EBRD s Small Business Initiative an integrated approach to SME finance and development Direct Financing

More information

Investment and investment finance the Austrian case OeNB EIB workshop in Vienna,

Investment and investment finance the Austrian case OeNB EIB workshop in Vienna, Investment and investment finance the Austrian case OeNB EIB workshop in Vienna, 20.03.2017 Road ahead how to enhance investment in Austria The EIB in Austria Flavia Palanza, Director EIB Operations Directorate

More information

ALA Asia and Latin America

ALA Asia and Latin America Seminar EIB lending outside the EU Brussels, 28 June 2007 ALA Asia and Latin America Matthias Zöllner Head of Division Asia The 2007-2013 Mandate The Council approved in December 2006 a new Mandate for

More information

Proposal for a COUNCIL DECISION

Proposal for a COUNCIL DECISION EUROPEAN COMMISSION Brussels, 7.12.2011 COM(2011) 836 final 2011/0396 (NLE) Proposal for a COUNCIL DECISION on the position to be adopted by the European Union within the ACP-EU Council of Ministers concerning

More information

NBR-EIB Conference: Investment in Romania. Overview of EIB Group activities in Romania

NBR-EIB Conference: Investment in Romania. Overview of EIB Group activities in Romania NBR-EIB Conference: Investment in Romania Overview of EIB Group activities in Romania Flavia Palanza Director Central and South East Europe Department EIB Operations Directorate Roger Havenith Deputy CEO

More information

Delivering on the European Fund for Strategic Investments (EFSI)

Delivering on the European Fund for Strategic Investments (EFSI) Investment Plan for Europe Delivering on the European Fund for Strategic Investments (EFSI) 2016 European Investment Bank Group 1 Why an Investment Plan for Europe? Investment & competitiveness gap High

More information

Innovative Financing for Energy Projects

Innovative Financing for Energy Projects Innovative Financing for Energy Projects ABOUT COFIDES The Spanish Financing Company for Development, COFIDES, S.A., S.M.E., is a state-owned company incorporated by: ICEX 25,74% ICO BBVA BANCO BANCO BANCO

More information

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development.

Our Expertise. IFC blends investment with advice and resource mobilization to help the private sector advance development. Our Expertise IFC blends investment with advice and resource mobilization to help the private sector advance development. Where We Work As the largest global development institution focused on the private

More information

Assistance 3 Total Arab Export (1)

Assistance 3 Total Arab Export (1) The Seventh Five-Year Plan (2015 2019) BADEA s Five-Year Plans: The Board of Governors has approved in its 39th session, convened in Tunis from 8 to 9 April 2014, the 7th five-year Plan (2015 2019), which

More information

Update: Interim Economic Partnership Agreements

Update: Interim Economic Partnership Agreements TRADE POLICY in PRACTICE GLOBAL EUROPE 19 December 2007 Update: Interim Economic Partnership Agreements The EU and the African, Caribbean and Pacific countries (ACP) have been working to put in place new

More information

Instruments to support Africa-EU radio astronomy cooperation: Infrastructure investments

Instruments to support Africa-EU radio astronomy cooperation: Infrastructure investments Instruments to support Africa-EU radio astronomy cooperation: Infrastructure investments Daan du Toit Representative of South African Vice-Chair of Africa Expert Group for Africa-EU Science, Information

More information

Agribusiness & Forestry

Agribusiness & Forestry Annual Report 2013 Agribusiness has an important role to play in poverty reduction. The agricultural sector often accounts for at least half of GDP and employment in many developing countries, which makes

More information

EU action in energy ElectriFI

EU action in energy ElectriFI EU action in energy ElectriFI Stimulating private sector investments for delivering results in the Decade of Sustainable Energy for All More than EUR 4 billion for the fight against energy poverty so far

More information

WORLD TRADE WT/MIN(98)/ST/96 20 May 1998 ORGANIZATION

WORLD TRADE WT/MIN(98)/ST/96 20 May 1998 ORGANIZATION WORLD TRADE WT/MIN(98)/ST/96 20 May 1998 ORGANIZATION (98-2118) MINISTERIAL CONFERENCE Second Session Geneva, 18 and 20 May 1998 Original: English TANZANIA Statement Circulated by Hon. K.A. Mussa, Minister

More information

REPORT FROM THE COMMISSION TO THE COUNCIL

REPORT FROM THE COMMISSION TO THE COUNCIL EUROPEAN COMMISSION Brussels, 21.2.2017 COM(2017) 84 final REPORT FROM THE COMMISSION TO THE COUNCIL on the implementation of the financial assistance provided to the Overseas Countries and Territories

More information

HORIZON 2020 W E L C O M E. Programme Committee for specific programme. SMEs & Access to Risk Finance. in configuration

HORIZON 2020 W E L C O M E. Programme Committee for specific programme. SMEs & Access to Risk Finance. in configuration HORIZON 2020 Programme Committee for specific programme in configuration SMEs & Access to Risk Finance 11 th meeting Brussels, 8 June 2016 W E L C O M E EBRD Action 14 in ARF WP 2016-2017 Draft Components

More information

EIB Support for Strategic Investments. EU Investment Funds Opportunities for the Regions Waterford, April 20th, 2018

EIB Support for Strategic Investments. EU Investment Funds Opportunities for the Regions Waterford, April 20th, 2018 EIB Support for Strategic Investments EU Investment Funds Opportunities for the Regions Waterford, April 20th, 2018 The EIB at a glance Created 1958 and owned by EU member states Largest multilateral lender

More information

The African Development Bank Advancing PIDA: The Role of the African Development Bank. ICA Oversight Committee Meeting: November 16 th 2015

The African Development Bank Advancing PIDA: The Role of the African Development Bank. ICA Oversight Committee Meeting: November 16 th 2015 The African Development Bank Advancing PIDA: The Role of the African Development Bank ICA Oversight Committee Meeting: November 16 th 2015 Our Mandate Overall Institutional Response Support to Projects

More information

A stronger role of the private sector in achieving inclusive and sustainable growth in developing countries

A stronger role of the private sector in achieving inclusive and sustainable growth in developing countries A stronger role of the private sector in achieving inclusive and sustainable growth in developing countries Antti Karhunen, Head of Unit "Private sector development, trade and regional integration", Directorate

More information

ACP-EU JOINT PARLIAMENTARY ASSEMBLY RESOLUTION 1

ACP-EU JOINT PARLIAMENTARY ASSEMBLY RESOLUTION 1 ACP-EU JOINT PARLIAMTARY ASSEMBLY ACP-EU/101.868/15/fin. RESOLUTION 1 on the financing of investment and trade, including infrastructure, in ACP countries by the EU blending mechanism The ACP-EU Joint

More information

African, Caribbean and Pacific Countries (ACPs) Overseas Countries and Territories (OCTs)

African, Caribbean and Pacific Countries (ACPs) Overseas Countries and Territories (OCTs) Annual Report 2010 European Investment Bank European Investment Bank European Investment Bank European Investment Bank European Investment Bank African, Caribbean and Pacific Countries (ACPs) Overseas

More information

15559/16 YML/it 1 DGC 1

15559/16 YML/it 1 DGC 1 Council of the European Union Brussels, 15 December 2016 (OR. en) Interinstitutional File: 2016/0281 (COD) 15559/16 OUTCOME OF PROCEEDINGS From: To: No. prev. doc.: Subject: General Secretariat of the

More information

China-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS. A presentation by Mardemootoo Solicitors

China-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS. A presentation by Mardemootoo Solicitors China-Africa Investment Forum Beijing June 2013 FOCUS: MAURITIUS A presentation by Mardemootoo Solicitors Mauritius...Star & Key of the Indian Ocean Mauritius: a strategic stop-over into Africa Mauritius

More information

Renewing Ireland's Energy European Investment Bank

Renewing Ireland's Energy European Investment Bank Renewing Ireland's Energy European Investment Bank IWEA Autumn Conference 2013 Galway Thursday 3 rd October 08/10/2013 1 The European Investment Bank (EIB) Long-term finance promoting European objectives

More information

Request for Proposals (RFP)

Request for Proposals (RFP) Macroeconomic and Financial Manag ement Institute of Eastern and Southern Africa 9 Earls Road Alexandra Park P. O. Box A1419, Avondale Harare, Zimbabwe Tel: +263 4 745988-89/91-94 Fax: +263 4 745547-8

More information

The Results Measurement (ReM) framework methodology

The Results Measurement (ReM) framework methodology The Results Measurement (ReM) framework methodology The ReM framework methodology European Investment Bank September 2017 1 Introduction EIB lending is results-driven. Outside the EU, we use the Results

More information

Council of the European Union Brussels, 22 February 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union

Council of the European Union Brussels, 22 February 2017 (OR. en) Mr Jeppe TRANHOLM-MIKKELSEN, Secretary-General of the Council of the European Union Council of the European Union Brussels, 22 February 2017 (OR. en) 6590/17 COVER NOTE From: date of receipt: 21 February 2017 To: No. Cion doc.: Subject: ACP 14 PTOM 7 FIN 130 RELEX 164 Secretary-General

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 11 May /10 ECOFIN 249 ENV 265 POLGEN 69

COUNCIL OF THE EUROPEAN UNION. Brussels, 11 May /10 ECOFIN 249 ENV 265 POLGEN 69 COUNCIL OF THE EUROPEAN UNION Brussels, 11 May 2010 9437/10 ECOFIN 249 ENV 265 POLGEN 69 NOTE from: to: Subject: The General Secretariat of the Council Delegations Financing climate change- fast start

More information

The EIB in the Czech Republic in 2017

The EIB in the Czech Republic in 2017 The EIB in the Czech Republic in 2017 In the Czech Republic, as in the other EU Member States, the EIB supports investment projects designed to reduce disparities in regional development, strengthen economic

More information

FIJI/FAO 2012 Asia Pacific Sugar Conference. ACP perspectives on the Implementation of EPA- EBA Sugar Arrangements

FIJI/FAO 2012 Asia Pacific Sugar Conference. ACP perspectives on the Implementation of EPA- EBA Sugar Arrangements FIJI/FAO 2012 Asia Pacific Sugar Conference ACP perspectives on the Implementation of EPA- EBA Sugar Arrangements Key Issues ACP (EPA-EBA) Sugar Structure Transitional Phase Sugar Protocol to EPAs Sugar

More information

EU: crisis, reactions and the EIB

EU: crisis, reactions and the EIB INTERNATIONAL BANKING FORUM 2013 Brescia, 13-14 June 2013 Markus BERNDT Head of Division, Policy + Strategy, Economics Department European Investment Bank m.berndt@eib.org Economist for Italy: Luca Gattini,

More information

European Fund for Strategic Investments (EFSI): Rationale and Impact

European Fund for Strategic Investments (EFSI): Rationale and Impact European Fund for Strategic Investments (EFSI): Rationale and Impact Stéphane Ouaki, Head of Unit Connecting Europe Investment Strategy PRIME meeting 5 th February 2015 Context matters: Why EFSI and why

More information

Deep and Comprehensive Free Trade Area (DCFTA) Initiative East

Deep and Comprehensive Free Trade Area (DCFTA) Initiative East Deep and Comprehensive Free Trade Area (DCFTA) Initiative East Chisinau 4 July 2017 European Investment Bank European Investment Fund 1 DCFTA Initiative East Deep and Comprehensive Free Trade Area (DCFTA)

More information

Mapping of Development Partners Support to Leverage Investment to Africa s infrastructure

Mapping of Development Partners Support to Leverage Investment to Africa s infrastructure Mapping of Development Partners Support to Leverage Investment to Africa s infrastructure Dambudzo Muzenda, OECD Directorate for Finance and Enterprise Affairs Investment Division AfI Project Background

More information

Annex 1. IDENTIFICATION

Annex 1. IDENTIFICATION Annex 1. IDENTIFICATION Title/Number Total cost Support to the Sustainable Energy for All (SE4All) initiative ACP/FED/024-335 EU contribution of EUR 400 000 000 from the following Regional Indicative Programmes:

More information

Europe s Economic Challenges and a targeted EU Response

Europe s Economic Challenges and a targeted EU Response Europe s Economic Challenges and a targeted EU Response Pedro de Lima Head of Economic Studies Economics Department 14 February 2014 1 Outline Europe s growth and investment challenge How the EIB responds

More information

URBAN TRANSPORT Funding and Financing solutions of the European Investment Bank

URBAN TRANSPORT Funding and Financing solutions of the European Investment Bank URBAN TRANSPORT Funding and Financing solutions of the European Investment Bank International Association of Public Transport Strategies for Public Transport in Cities Leipzig, 17-18 April 2008 Krzysztof

More information

Operations Evaluation. Evaluation of EIB Intermediated Lending through the Investment Facility in ACP

Operations Evaluation. Evaluation of EIB Intermediated Lending through the Investment Facility in ACP Operations Evaluation Evaluation of EIB Intermediated Lending through the Investment Facility in ACP July 2017 Synthesis Evaluation Report July 2017 Evaluation of EIB Intermediated Lending through the

More information

The Black Sea Trade and Development Bank. BSTDB: Financing Economic Development of the Black Sea Region

The Black Sea Trade and Development Bank. BSTDB: Financing Economic Development of the Black Sea Region The Black Sea Trade and Development Bank BSTDB: Financing Economic Development of the Black Sea Region Athens, February 18, 2011 BSTDB At A Glance Location Thessaloniki, Greece First Operation November

More information

INDUSTRIALIZE AFRICA. Luxembourg Trade Mission October 2 nd, 20189

INDUSTRIALIZE AFRICA. Luxembourg Trade Mission October 2 nd, 20189 INDUSTRIALIZE AFRICA Luxembourg Trade Mission October 2 nd, 20189 Dr. Abdu Mukhtar Director for Industrial and Trade Development African Development Bank Africa is industrializing but still lags behind

More information

GLOBAL INFRASTRUCTURE FACILITY. A partnership platform for greater investment in the infrastructure of emerging markets and developing economies

GLOBAL INFRASTRUCTURE FACILITY. A partnership platform for greater investment in the infrastructure of emerging markets and developing economies GLOBAL INFRASTRUCTURE FACILITY A partnership platform for greater investment in the infrastructure of emerging markets and developing economies COLLABORATION FINANCE LEVERAGE IMPACT The Global Infrastructure

More information

Innovative Financial Instruments supporting the delivery of the policy objectives of the Cork 2.0 Declaration

Innovative Financial Instruments supporting the delivery of the policy objectives of the Cork 2.0 Declaration Innovative Financial Instruments supporting the delivery of the policy objectives of the Cork 2.0 Declaration 03/05/2017 European Investment Bank Group 1 EIB the EU bank at a glance EU Institution EU s

More information

Closing the Gap on Air Traffic Management Investment Needs

Closing the Gap on Air Traffic Management Investment Needs Increasing performance and investment requirements in Air Traffic Management to meet the goals and objectives of the Single European Sky programme Air Traffic Management (ATM) is going through a period

More information

1. Introduction 3. Customs and Excise Duties 2. Customs and Excise Clearance General Overview 4. Customs Duties Rebates

1. Introduction 3. Customs and Excise Duties 2. Customs and Excise Clearance General Overview 4. Customs Duties Rebates 1. Introduction This notice is intended to provide an overview of Customs procedures applicable in the Republic of Botswana. The document focuses on the types of rebates that are offered to manufacturers

More information

DGC 1B EUROPEAN UNION. Brussels, 13 September 2017 (OR. en) 2016/0281 (COD) PE-CONS 43/17

DGC 1B EUROPEAN UNION. Brussels, 13 September 2017 (OR. en) 2016/0281 (COD) PE-CONS 43/17 EUROPEAN UNION THE EUROPEAN PARLIAMT THE COUNCIL Brussels, 13 September 2017 (OR. en) 2016/0281 (COD) PE-CONS 43/17 DEVG 157 ACP 74 RELEX 599 ECOFIN 614 CADREFIN 82 ASIM 83 MAMA 122 COEST 166 COAFR 196

More information

Delivering on European Fund for Strategic Investments (EFSI) Jukka Luukkanen Head of Helsinki Office Helsinki

Delivering on European Fund for Strategic Investments (EFSI) Jukka Luukkanen Head of Helsinki Office Helsinki Delivering on European Fund for Strategic Investments (EFSI) Jukka Luukkanen Head of Helsinki Office Helsinki 11.05.2017 EIB at a Glance We are the world s largest International Financial Institution 1958

More information

POLAND. AT A GLANCE: Gross bilateral ODA (unless otherwise shown)

POLAND. AT A GLANCE: Gross bilateral ODA (unless otherwise shown) POLAND AT A GLANCE: Gross bilateral ODA 2013 2014 (unless otherwise shown) 1 POLICY FRAMEWORK Poland s development cooperation is guided by the Act on Development Co-operation, approved in September 2011

More information

Status of IFI Participation as of July 2008

Status of IFI Participation as of July 2008 International Financial Institutions (IFI) Formal Agreement to Participate reached Relevant HIPCs Provision of Interim relief World Bank Yes Yes Afghanistan,Benin, Three instruments used to provide HIPC

More information

The Black Sea Trade and Development Bank. BSTDB: Financing Economic Development of the Black Sea Region

The Black Sea Trade and Development Bank. BSTDB: Financing Economic Development of the Black Sea Region The Black Sea Trade and Development Bank BSTDB: Financing Economic Development of the Black Sea Region Ankara, March 7, 2011 BSTDB At A Glance Location Thessaloniki, Greece First Operation November 1999

More information

COUNCIL OF THE EUROPEAN UNION. Brussels, 18 May /09 DEVGEN 150 RELEX 475 ACP 124 FIN 187 WTO 106

COUNCIL OF THE EUROPEAN UNION. Brussels, 18 May /09 DEVGEN 150 RELEX 475 ACP 124 FIN 187 WTO 106 COUNCIL OF THE EUROPEAN UNION Brussels, 8 May 2009 008/09 DEVGEN 50 RELEX 475 ACP 24 FIN 87 WTO 06 NOTE from : General Secretariat dated : 8 May 2009 No. prev. doc. : 930/09 Subject : Council Conclusions

More information

EU cooperation. Instruments and tools to support implementation of SE4All AA's and IP's

EU cooperation. Instruments and tools to support implementation of SE4All AA's and IP's EU cooperation Instruments and tools to support implementation of SE4All AA's and IP's Felice ZACCHEO, Deputy Head of Unit "Sustainable Energy and Climate Change" European Commission - Directorate General

More information

EIB SUPPORT TO ENERGY EFFICIENCY. An overview of (some) solutions for the financing of thermal renovation of buildings

EIB SUPPORT TO ENERGY EFFICIENCY. An overview of (some) solutions for the financing of thermal renovation of buildings EIB SUPPORT TO ENERGY EFFICIENCY An overview of (some) solutions for the financing of thermal renovation of buildings European Conference Climate Finance for Subnational Actors Paris, October 1st, 2015

More information

EVALUATION WORK PROGRAMME FOR STRATEGIC EVALUATIONS

EVALUATION WORK PROGRAMME FOR STRATEGIC EVALUATIONS EUROPEAN COMMISSION Directorate-General for International Cooperation and Development Evaluation EVALUATION WORK PROGRAMME 2017-2021 FOR STRATEGIC EVALUATIONS I Introduction I.1 Principles and framework

More information

EBRD Role in Central and Eastern Europe and CIS. Arthur Schankler EFCA Conference Brussels 24 February 2005

EBRD Role in Central and Eastern Europe and CIS. Arthur Schankler EFCA Conference Brussels 24 February 2005 EBRD Role in Central and Eastern Europe and CIS Arthur Schankler EFCA Conference Brussels 24 February 2005 What is the EBRD? 24 18 12 6 0 '98 '99 '00 '01 '02 '03 '04 Cumulative commitments 25.3 billion

More information

Financing renewable energy in the context of market integration in the EU

Financing renewable energy in the context of market integration in the EU Financing renewable energy in the context of market integration in the EU Energy Community Renewable Energy Coordination Group 1st Meeting, Vienna 2 nd March 2016. Dr. Zoran Stanic, Senior Energy Specialist

More information

The Investment Plan for Europe. European Fund for Strategic Investment (EFSI)

The Investment Plan for Europe. European Fund for Strategic Investment (EFSI) The Investment Plan for Europe European Fund for Strategic Investment (EFSI) June 2015 EU Economic context EU growth benefitting from economic tailwinds Low oil, low Euro, QE, broadly neutral fiscal stance

More information

De-Risking Private Sector Operations in Frontier Markets

De-Risking Private Sector Operations in Frontier Markets De-Risking Private Sector Operations in Frontier Markets IDA18 IFC-MIGA Private Sector Window Seminar April 21, 2017 What is IDA? The WORLD S LARGEST SOURCE of unearmarked concessional finance in the poorest

More information

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy Standard d Bank Group Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa Strategy 1 What is our strategy? To build a leading emerging markets financial services organisation

More information

STRATEGY FOR UKRAINE SUMMARY

STRATEGY FOR UKRAINE SUMMARY SYNOPSIS STRATEGY FOR UKRAINE 1995-96 SUMMARY The EBRD s principal sector priorities in Ukraine for 1995-96 are as follows: Private sector development: The EBRD will seek to support renewed privatisation

More information

European Structural and Investment FUNDS and European Fund for Strategic Investments complementarities

European Structural and Investment FUNDS and European Fund for Strategic Investments complementarities European Structural and Investment FUNDS and European Fund for Strategic Investments complementarities ENSURING COORDINATION, SYNERGIES AND COMPLEMENTARITY FEBRUARY 2016 Cover illustration: istockphoto

More information

This action is funded by the European Union

This action is funded by the European Union EN This action is funded by the European Union ANNEX of the Commission Implementing Decision on the 2017 individual measure for the Pan- African Programme to be financed from the general budget of the

More information

The 2030 Agenda for Sustainable Development and the new European Consensus on Development

The 2030 Agenda for Sustainable Development and the new European Consensus on Development The 2030 Agenda for Sustainable Development and the new European Consensus on Development Martin HEATHER Policy Officer, European Commission s Directorate-General for International Cooperation and Development

More information

Issuing Bonds in the Domestic Market. June 2017

Issuing Bonds in the Domestic Market. June 2017 Issuing Bonds in the Domestic Market June 2017 Overview of ALCB Fund Target Impact: Capital Market Development Increased primary issuance and capacity Issuer Balance Sheet Reduced FX risk and more sustainable

More information

in Emerging Economies

in Emerging Economies Sustainable Financing of Infrastructure in Emerging Economies - Closing the Gap - G24 Meeting Addis Ababa, February 27 and 28, 2016 Sustainable Financing of Infrastructure Outline I. Infrastructure in

More information

Financing the Transport Infrastructure Priority Projects on the Future Trans- Mediterranean Transport Network (TMT-N):

Financing the Transport Infrastructure Priority Projects on the Future Trans- Mediterranean Transport Network (TMT-N): Financing the Transport Infrastructure Priority Projects on the Future Trans- Mediterranean Transport Network (TMT-N): A preoccupation delivered to the EU and the Union for the Mediterranean Preparation

More information

The Pitfalls of Innovative Private Sector Financing

The Pitfalls of Innovative Private Sector Financing The Pitfalls of Innovative Private Sector Financing Emerging lessons from benchmarking of investment funds supported by aid agencies Summary Report 25 August 2015 Executive summary Aid agencies have widely

More information

European Innovation Partnership on Raw Materials

European Innovation Partnership on Raw Materials European Innovation Partnership on Raw Materials 5 December 2013 EIB Funding Possibilities Dr Eberhard Gschwindt European Investment Bank Project Department Innovative Industries The European Investment

More information

Cement Sustainability Initiative. Climate Finance. European Investment Bank

Cement Sustainability Initiative. Climate Finance. European Investment Bank Cement Sustainability Initiative Climate Finance European Investment Bank Alberto BARRAGAN Madrid, 14 December 2016 European Investment Bank Group 1 EIB capital breakdown: 28 EU Member States European

More information

MAKE POVERTY HISTORY 2005

MAKE POVERTY HISTORY 2005 1/5 MAKE POVERTY HISTORY 2005 Trade Justice. Drop the Debt. More & Better Aid Summary TRADE JUSTICE The UK Government should: 1. Fight for rules that ensure governments can choose the best solution to

More information

PPP in Solid Waste Management. EIB Approach to support Circular Economy and to mitigate Climate Change

PPP in Solid Waste Management. EIB Approach to support Circular Economy and to mitigate Climate Change PPP in Solid Waste Management EIB Approach to support Circular Economy and to mitigate Climate Change European Investment Bank Dr. Patrick DORVIL Agenda The EIB: The EU Bank European PPP Expertise Centre

More information

Sao Tome and Principe

Sao Tome and Principe Sao Tome and Principe A. Definitions and sources of data The Investment Code of Sao Tome and Principe (Lei n.o 13/92) of 1995 does not provide a specific definition of foreign direct investment (FDI).

More information

Financing Facilities under the Mediterranean Agreements

Financing Facilities under the Mediterranean Agreements Financing Facilities under the Mediterranean Agreements European Investment Bank 0 C\1 w CXl ::::: w (.) Current status of financial protocols As at 1st September 1987 Maghreb, Mashreq and Israel: Third

More information

EUROPEAN COMMUNITY EUROPEAN ATOMIC ENERGY COMMUNITY FINANCIAL INFORMATION ON THE EUROPEAN DEVELOPMENT FUNDS

EUROPEAN COMMUNITY EUROPEAN ATOMIC ENERGY COMMUNITY FINANCIAL INFORMATION ON THE EUROPEAN DEVELOPMENT FUNDS EUROPEAN COMMUNITY EUROPEAN ATOMIC ERGY COMMUNITY FINANCIAL INFORMATION ON THE EUROPEAN DEVELOPMT FUNDS Document annexed to the draft budget for 2006 11187/05 BUDGET 56 1 Introduction This document is

More information

CONNECTING EUROPE FACILITY and beyond

CONNECTING EUROPE FACILITY and beyond CONNECTING EUROPE FACILITY and beyond Strengthening Europe's energy network PCIs Foundations laid down in the Treaty on the Functioning of the EU Trans-European networks Title XVI Article 170 172 (Legal

More information