III Looking ahead European Investment Bank 1 Looking
III. Looking ahead European Investment Bank 1
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 2
Northern Africa - FEMIP’s role within the Barcelona Process: Union for the Mediterranean Ø 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 Ø In this framework, Finance Ministers that met in Luxembourg on 7 October 2008 invited FEMIP to act as key coordinator of three priority projects: Ø The de-pollution of the Mediterranean Ø The Mediterranean Solar plan Ø The land sea motorways European Investment Bank 3
Sub-Saharan Africa (Cotonou) Overall focus Infrastructure* Supported by the EU-Africa Infrastructure Trust Fund and Water or Energy Facilities Financial sector “Finance for growth” triggering “finance for all” Projects that foster: • regional integration • environmental sustainability: renewable energy/ climate change • growth/development: job creation and poverty alleviation (ESIAF) • cooperation with bilateral and multilateral donors European Investment Bank 4
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 5
Encouraging further cooperation and synergies “Working with and for all” üExplore new initiatives for cooperation: “blending” resources üRely more on models of “delegated cooperation” üEmphasize the role of technical assistance & capacity building üDialogue & constructive relations with the Civil Society European Investment Bank 6
Thank you ! c. collin@eib. org http: //www. eib. org European Investment Bank 7
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