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EIB Funding as a Co-financing source to EU Grants. Annual Meeting of ISPA Partners 9-10 April 2003 « From ISPA to Structural Funds ». The EIB in Central Europe Instruments available for bringing together EIB operations and EU grant funding Experience in the existing Cohesion Countries
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EIB Fundingas aCo-financing source toEU Grants Annual Meeting of ISPA Partners 9-10 April 2003 « From ISPA to Structural Funds »
The EIB in Central Europe • Instruments available for bringing together EIB operations and EU grant funding • Experience in the existing Cohesion Countries • The way forward
1990 - 2002CEE Acceeding Countries 1. Annual volumes approved for EIB lending2. Signed finance contracts in CEE3. Disbursements under CEE loans
1990 – end March 2003EIB lending to CEE by Acceeding Country (Total amount: EUR 19,8 bn)
1990 – end March 2003EIB lending to CEE Accession Countries by Sector(Total amount: EUR 19,8 bn)
Which types of projects are eligible for EIB Financing? • Transport and infrastructure • Communication and Energy • Urban development • Environmental protection and improvement • SME financing through Global Loans • Health and Education
Bringing together EU grants and EIB operations Cofinancing of Regional Development Plans Framework Agreement Cohesion Funds and Structural Funds Grouped Municipal transactions EIB Individual transactions outside NDP’s Grouped sector loans Individual transactions inside NDP’s
Examples of EIB Co-financing operations in the Cohesion Countries
Example: Comunidad Autonoma de Andalucia Investment Cost Plan
Example: Comunidad Autonoma de Andalucia Financing Plan Eligible for EIB financing measures EIB lending operation
Example: Sviluppo Regione Campania, Italy Combined Investment Cost and Financing Plan Financed by the region through “equity and leverage”
The way forward toEU-Accession and beyond • Early involvement of the Bank in the programming process • Prioritisation of Public Sector Projects • Use of different types of framework agreements and loan groupings • Accelerated Finance Initiative (AFI) • New sectors (H&E) • New products (Private Finance Initiative)
“What QUESTIONS do you have to my ANSWERS?” Henry Kissinger at a pressconference Aristotle