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III. Looking ahead

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

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  1. III. Looking ahead European Investment Bank

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. Thank you ! c.collin@eib.orghttp://www.eib.org European Investment Bank

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