The EU-Africa Infrastructure Trust Fund
In the context of the 2005 Gleneagles Declaration and the establishment of an EU Strategy for Africa, the European Union and African counterparts established a Partnership for African Infrastructure.
The EU-Africa Infrastructure Trust Fund is an innovative financial instrument launched in 2007 supporting the implementation of the Partnership.
The Trust Fund benefits cross-border and regional infrastructure projects in sub-Saharan Africa. It channels grant resources from the Commission and Member States in such a way that they can be blended with the lending capacity of the EIB and Member State development financiers. The target infrastructure sectors are energy, water, transport and telecommunications
The Infrastructure fund will provide grant-support for:
- interest rate subsidies
- project technical assistance/feasibility studies
- one-off grants for environmental or social components linked to projects
- payment of early-stage, risk-mitigation insurance premiums
The EIB has been nominated as Manager of this Trust Fund.
The 12 minute film outlines, through three concrete examples, the blending capacity of the Trust Fund and its impact on the quality of life of African people.