Investment Facility - Annual Report 2006

Signatures under the IF during the year totalled EUR 570 m, a level never achieved by the Bank in the ACP region under EDF funds, to which should be added EUR 167 m under the Bank’s own resources (a detailed list of signed operations is presented in Annexes 1 and 2). Project implementation also made good progress with more than 50% of the IF finance contracts signed so far being under disbursement. A number of projects signed in the years 2003-2005 are now entering into active implementation, marked by an increase in disbursements from EUR 99.8 m and EUR 127.3 m in 2004 and 2005 respectively to EUR 271.2 m in 2006 for the IF only. Disbursements on own resources operations totalled EUR 86 m in 2006, up from EUR 13.6 m in 2005.