The Investment Facility (IF) was established under the Cotonou Agreement and Overseas Association Decision. It is managed under the mandate by the European Investment Bank and is funded from the resources of the EU Member States.
The IF is a revolving fund where loan amortizations are reinvested in new operations, which makes it a financially sustainable facility. It provides financial instruments that allow it to support a wide range of higher risk operations. In July 2013, the IF was endowed by EU member states with a new financial envelope of EUR 500 million which will allow it to take even more risk for even more development, through "impact investing".
The facility supports projects promoting the development of the private sector and commercially-run public enterprise. Investments in the infrastructure sector and the financial sector promoting private sector development are a priority.
The Investment Facility contributes to add further value to operations financed by the EIB through the provision of grants for financing interest rate subsidies as well as, to a certain extent, project-related technical assistance.
The 2010 Mid-Term Evaluation of EIB activities in the ACPs and OCT is an overall independent assessment of EIB operations in the ACP countries and OCTs. The full report and the actions undertaken to address the recommendations made are available to download here.
EU Member States Budgets
|EIB Own Resources
Funds raised on
the capital markets
|Interest rate subsidies|
|Widely traded currencies|
|Junior or subordinated loans|