Sub-Saharan Africa, Caribbean and Pacific
African, Caribbean and Pacific countries (ACPs) / Overseas Countries and Territories (OCTs)
The EIB’s overriding aim in the ACP and OCT regions is to help generate long-term private sector-led sustainable economic growth and reduce poverty through job creation and improved access to productive resources. The Bank also supports public sector infrastructure projects that are vital to underpin private sector development and create a thriving business environment, particularly for SMEs, which are the foundation of developing countries’ economies.
EIB financing in the ACP regions covers a wide range of sectors, supporting:
- the broadening and deepening of local financial sectors;
- small and medium enterprises through credit lines and equity;
- infrastructure projects in the energy, water, transport and telecommunications sectors;
- local industries and manufacturing;
- the expansion of the tertiary sector;
- access to sufficient and safe food supplies.
The 2015 EIB lending activity in the ACP and OCT regions as well as South Africa show signatures with a total value of EUR 1.086 billion, approvals of EUR 1.303 billion, and disbursements of EUR 661 million.
Sub-Saharan Africa, the Caribbean and Pacific are not short of creativity and entrepreneurial spirit, but access to funding is an obstacle. The EIB’s Impact Financing Envelope seeks to address this, allowing the Bank to take more risks for greater developmental impact. Projects supported by the IFE could potentially benefit millions and millions of the world’s poorest and most marginalised people. Here are the first steps we have taken. Many more will follow.
The EIB has been active in Africa, the Caribbean and the Pacific for 50 years. This short film shows how we finance projects that bring social, economic and environmental benefits to over 80 nations in these regions, with the common goal of building a bright and sustainable future.
240 million people in sub-Saharan Africa, one of the poorest regions of the world, still remain disconnected from any telecommunication access. The EIB wants to be a part of the efforts to change this. Africa Mobile Networks, has been working hard to change this through the creation of innovative projects that place connectivity for all at the heart of what they do with the wish to see: ‘a fully connected Africa, with no community of any significant size being without basic communications services, to deliver social, economic, educational and other benefits to the population.’