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III. Looking ahead. Looking Ahead. COTONOU : Average annual lending volume in the ACP in the range of up to EUR 750 m over the period 2008-2013 (cf. mandate ceiling) of which over 75\% in Africa ;

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III. Looking ahead

European Investment Bank

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Looking Ahead
  • COTONOU : Average annual lending volume in the ACP in the range of up to EUR 750 m over the period 2008-2013 (cf. mandate ceiling) of which over 75% in Africa;
  • FEMIP : Additional EUR 10.7 bn to be committed over the period 2007-2013, equivalent to some EUR 1.8 bn per year, of which 70% for Northern Africa
  • RSA : Average annual lending in the order of EUR 160 m, of which 2/3 for public sector lending (mainly infrastructure)

An average of EUR 2 bn per year for African projects

European Investment Bank

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Northern Africa - FEMIP

FEMIP’s role within the Barcelona Process: Union for the Mediterranean

  • On 13 July 2008, Euro-Mediterranean Heads of State and Government gave a new impetus to the Euromed Partnership by launching the Barcelona process: Union for the Mediterranean that would focus on six priority projects
  • In this framework, Finance Ministers that met in Luxembourg on 7 October 2008 invited FEMIP to act as key coordinator of three priority projects:
    • The de-pollution of the Mediterranean
    • The Mediterranean Solar plan
    • The land and sea motorways

European Investment Bank

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Sub-Saharan Africa (Cotonou)

Overall focus

Supported by the EU-Africa

Infrastructure Trust Fund and

Water or Energy Facilities

“Finance for growth”

triggering

“finance for all”

Projects that foster:

  • regional integration
  • environmentalsustainability: renewable energy/ climate change
  • growth/development: job creation and poverty alleviation (ESIAF)
  • cooperation with bilateral and multilateral donors

European Investment Bank

republic of south africa
Republic of South Africa
  • Infrastructure

(power generation and distribution + transport)

Overall focus

  • Private sector
  • Ultimate objective : poverty reduction and

reduction of inequalities

European Investment Bank

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Encouraging furthercooperation and synergies

“Working with and for all”

  • Explore new initiatives for cooperation: “blending” resources
  • Rely more on models of “delegated cooperation”
  • Emphasize therole of technical assistance & capacity building
  • Dialogue & constructiverelations with the Civil Society

European Investment Bank

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Thank you !

[email protected]://www.eib.org

European Investment Bank

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