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II. The EIB and Africa

II. The EIB and Africa. From North to South …. The FEMIP Mandate (Facility for Euro-Mediterranean Investment and Partnership) (Northern Africa) The ACP-EU COTONOU PARTNERSHIP AGREEMENT (Sub-Saharan Africa except RSA, as well as Caribbean and Pacific ACP countries) The RSA Mandate.

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II. The EIB and Africa

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  1. II. The EIB and Africa European Investment Bank

  2. From North to South … • The FEMIP Mandate (Facility for Euro-Mediterranean Investment and Partnership) (Northern Africa) • The ACP-EU COTONOU PARTNERSHIP AGREEMENT (Sub-Saharan Africa except RSA, as well as Caribbean and Pacific ACP countries) • The RSA Mandate European Investment Bank

  3. EIB lending in Northern Africa FEMIP mandate • FEMIP brings together the whole range of EIB instruments in the Mediterranean partner countries (MPCs)* • Its objective is to support the modernisation and opening-up of MPCs’ economies • Two priorities: (i) Private sector support and (ii) Creation of an investment-friendly environment • EUR 8.5 bn invested since 2002, of which EUR 6 bn in Egypt, Tunisia, Morocco and Algeria * Algeria, Egypt, Gaza/West Bank, Israel, Jordan, Lebanon, Morocco, Syria and Tunisia. European Investment Bank

  4. FEMIP financing facilities European Investment Bank

  5. FEMIP lending figuresFEMIP is now the leading investor in the Med region Algeria 318m EUR m • Energy • Transport • Telecoms • Industry • Environment • Human Capital • Credit Lines • Risk Capital Tunisia 1,814m Egypt 2,284m * 71% of total FEMIP funding went to African projects; * about 85% for infrastructure projects –transport, energy, water and environment Morocco1,665m October 2002 to December 2008 EUR 8,528 m 5

  6. EIB lending under Cotonou Grants

  7. Cotonou Subsidies – Interest Rate Under certain conditions, ordinary loans and guarantees can be extended on concessional terms • General rule applied: - Interest rate subsidy: maximum 3 % • - Final rate of loan: cannot be less than EIB reference rate, including mark-ups • ELIGIBILITY: • Infrastructure projects, a prerequesite for private sector development in: Post-conflict countries, Least developed countries and Post-natural disaster countries • Flexibility can be applied in the case of HIPC countries • Public/private sector projects which: • Involve restructuring in the context of privatisations • Give rise to demonstrable social and environmental benefits • By mid-2009, a total of EUR 129 m committed in favour of 35 projects European Investment Bank

  8. Cotonou Technical Assistance EIB technical assistance operations aim to: • Enhance project quality and success rate; • Increase the efficiency of the EIB’s investment activities; • Complement other EIB financial products. • Technical assistance grants cover the whole project cycle from project identification to project completion Mid-2009, 32 ongoing Cotonou TA operations (ie contracted out) for a total of EUR 16 m. European Investment Bank

  9. EIB and the Cotonou Agreement 6 years down the road (as of 31 July 2009): Total signatures of EUR 3 351 m Of which: • EUR 2 223 m under the IF • EUR 1 108 m under EIB own resources 76 %of the portfolio relate to private sector operations Close to 80 %of the portfolio relate to Africa 35 %of total investments went to African infrastructure European Investment Bank

  10.  not an institution  a financial instrument Part of EU efforts to intensify its Aid to Africa EU-Africa Infrastructure Partnership Contributing to achieving the MDGs In line with Paris Declaration on Aid Effectiveness African ownership Alignment with national/regional priorities Donor harmonisation: working together & blending resources EU-Africa Infrastructure Trust Fund European Investment Bank

  11. EIB lending in South Africa • EIB is supporting South Africa’s economic development since 1995 – EUR* 2 bn cumulative lending at the end of July 2009 EUR 940 m for infrastructure projects over the period 1995-2008, equivalent to 51 % of cumulative lending • EUR 900 m to be committed over the period 2007-2013, of which already EUR 442 m committed at the end of July 2009 * Loans can be extended in ZAR European Investment Bank

  12. EIB lending in South Africa (2) • Focus: • equitable & sustainable economic growth • employment creation, innovation & capacity development • sustainable provision of equitable access to social services • modernisation of the economy • integration of South Africa into the world economy • Close Cooperation with the European Commission: • Risk Capital Facilities I and II (EUR 55 +50 m) • New Facility (GEFSA) under consideration European Investment Bank

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