EIB Funding as a Cofinancing source to EU

EIB Funding as a Co-financing source to EU Grants Annual Meeting of ISPA Partners 9 -10 April 2003 « From ISPA to Structural Funds » 1

n The EIB in Central Europe n Instruments available for bringing together EIB operations and EU grant funding n Experience in the existing Cohesion Countries n The way forward 2

1990 - 2002 CEE Acceeding Countries 1. Annual volumes approved for EIB lending 2. Signed finance contracts in CEE 3. Disbursements under CEE loans 3

1990 – end March 2003 EIB lending to CEE by Acceeding Country (Total amount: EUR 19, 8 bn) 4

1990 – end March 2003 EIB lending to CEE Accession Countries by Sector (Total amount: EUR 19, 8 bn) 5

Which types of projects are eligible for EIB Financing? Transport and infrastructure n Communication and Energy n Urban development n Environmental protection and improvement n SME financing through Global Loans n Health and Education n 6

Bringing together EU grants and EIB operations Framework Agreement Cohesion Funds and Structural Funds Grouped Municipal transactions Individual transactions outside NDP’s Cofinancing of Regional Development Plans EIB Grouped sector loans Individual transactions inside NDP’s 7

Examples of EIB Co-financing operations in the Cohesion Countries Beneficiary Country Total Amount EIB’s Cofinancing Comunidad Autonoma de Cantabria Spain / Regional Operational Program EUR 519 m EUR 80 m (25 %) EUR 300 m EUR 25 m EUR 75 m (33 %) EUR 6, 7 bn EUR 300 m (4, 5 %) Sviluppo Provincia Ferrara Italy / Local Emiglia Romagna Region Development Plan Sviluppo Regione Puglia Italy / Regional Operational Program 8

Example: Comunidad Autonoma de Andalucia Investment Cost Plan 9

Example: Comunidad Autonoma de Andalucia Financing Plan Eligible for EIB financing measures EIB lending operation 10

Example: Sviluppo Regione Campania, Italy Combined Investment Cost and Financing Plan Financed by the region through “equity and leverage” 11

The way forward to EU-Accession and beyond Early involvement of the Bank in the programming process n Prioritisation of Public Sector Projects n Use of different types of framework agreements and loan groupings n Accelerated Finance Initiative (AFI) n New sectors (H&E) n New products (Private Finance Initiative) n 12

“What QUESTIONS do you have to my ANSWERS? ” Henry Kissinger at a press conference 13