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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 ; - PowerPoint PPT Presentation
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2European Investment Bank
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
Looking Ahead
3European Investment Bank
Northern Africa - FEMIP
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
FEMIP’s role within the Barcelona Process: Union for the Mediterranean
4European Investment Bank
Sub-Saharan Africa (Cotonou)Overall focusOverall focus
Infrastructure* Financial sector
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
““Finance for growth” Finance for growth”
triggering triggering
““finance for all”finance for all”
Supported by the EU-AfricaSupported by the EU-Africa
Infrastructure Trust Fund and Infrastructure Trust Fund and
Water or Energy FacilitiesWater or Energy Facilities
5European Investment Bank
Republic of South Africa
Overall focus
Infrastructure
(power generation and distribution + transport)
Private sector
Ultimate objective : poverty reduction and
reduction of inequalities
6European Investment Bank
“Working with and for all”
Explore new initiatives for cooperationnew initiatives for cooperation: : ““blendingblending” ” resourcesresources
Rely more on models of ““delegated cooperationdelegated cooperation””
Emphasize the role of technical assistance & capacity buildingtechnical assistance & capacity building
Dialogue & constructiveDialogue & constructive relations with the Civil Society
Encouraging furtherEncouraging further cooperation and synergiescooperation and synergies