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Warsaw, 23 March 2007 Vice President Ivan Pilip

Joint technology Initiative for Clean Coal EU Financial Instruments Supporting the Development of Technology Initiatives. Warsaw, 23 March 2007 Vice President Ivan Pilip. General Overview on the EIB. EIB Profile. The EIB is the EU long-term financing institution

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Warsaw, 23 March 2007 Vice President Ivan Pilip

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  1. Joint technology Initiative for Clean CoalEU Financial Instruments Supporting the Development of Technology Initiatives Warsaw, 23 March 2007 Vice President Ivan Pilip

  2. General Overview on the EIB EIB Profile • The EIB is the EU long-term financing institution • The EIB has been created by the Treaty of Rome in 1958 • The EIB is owned by the 27 EU member states • The EIB is a policy driven institution (EU Commission, Council and EP) • The EIB has a subscribed capital of EUR 164.8 bn • The EIB collects its funds on the capital markets (2006: EUR 48 bn) • The EIB signed loans amounting to EUR 45.8 bn in 2006

  3. General Overview on the EIB EIB Strategic Objectives Six Strategic Priorities • Economic and social cohesion in an enlarged EU • Environmental Protection and Improvement, including Climate Change and Renewable Energy. • Implementing of the Innovation 2010 Initiative (i2i) • Development of Trans-European and Access networks (TENs) • SME Financing support • Support of EU Development and Cooperation Policies in Partner Countries General Lending Policy • EIB follows a policy of close co-operation with the banking sector, including national and regional promotional banks. • EIB financing always supports individual eligible investments of the beneficiaries.

  4. Financing Innovation in Europe The Innovation 2010 initiative (i2i) has been founded in 2000 as a part of the Lisbon Agenda! The 4 strategic areas of i2i lending activities Private and Public Sector Investment in R&D Human Capital Formation (Education & Training) Development of Information and Communication Technology (ICT) SME/VC Financing (EIF)

  5. General Overview Implementation of i2i mEUR/year Year • EIB financing of i2i investment reached EUR 46bn since 2000 • Financing of RDI (public and private sector combined) is the largest component, with 61% of signatures in 2006. • EIB has developed a strong base in RDI financing since 2000 upon which it will now develop more Value Added Products.

  6. The Risk Sharing Finance Facility Conclusion Financial Value Added Know-How Attractive financing costs due to AAA rating and non-profit status Project Due Diligence: Strong technical competencies Flexible terms and conditions (e.g. long repayment periods) Know-how and track record in financial structuring Project/Promoter Risk Sharing Product Innovations The EIB can share risks with banks/promoters as appropriate Dialoque with banks and industry to develop suitable products

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