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 2014 EIB lending activity in the ACP and OCT regions as well as South Africa show signatures with a total value of EUR 1.125 billion, approvals of EUR 971 million, and disbursements of EUR 622 million.The signatures break down as follows: EUR 661 million from the Investment Facility, EUR 264 million of own resource investment, EUR 175 million of investment in South Africa under the External Lending Mandate, and EUR 25 million from third party funds.
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.