1European Investment Bank

III. Looking ahead

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

7European Investment Bank

Thank you !

c.collin@eib.org http://www.eib.org