Financing facilities
EIB loans are provided chiefly in the framework of the External Lending Mandates conferred on it by the Member States and the European Parliament. Since the introduction of the first EIB mandate in Russia in 2001, EIB activity in Eastern Neighbours has broadened in size and scope. The financing facilities available for the Eastern Neighbours are summarised in the table below:
|
Facility |
Amount (EUR m) |
Countries |
Objective |
|
2001-2005 Mandate |
100 |
Russia |
Environment |
|
2005 - July 2007 Mandate |
500 |
Russia, Ukraine, Moldova |
Transport, telecommunications, Energy and Environment projects |
|
2007 - 2013 Mandate |
3,700 |
Eastern Neighbours |
Projects of significant interest to the EU in transport, energy, telecommunications and environmental infrastructure as well as loans for SMEs via banks in Eastern Partnership countries |
|
Eastern Partners Facility |
1,500 |
Eastern Neighbours |
Supports EU investment in the region, notably from EU corporates, as well as facilitates equity investments in infrastructure funds of EU interest, thereby further assisting partner countries with their modernisation process |
|
Energy Sustainability and Security of Supply Facility1 EUR 4.5 bn own risk Facility for Southern and Eastern Neighbour Countries (Russia eligible for climate action projects with a clear exclusion of energy infrastructure projects for securing EU energy supply), ACP countries, South Africa, and Asia and Latin America. |
3,000 |
Southern and Eastern Neighbour Countries, ACP countries (except Russia), South Africa, Asia and Latin America |
Energy efficiency and renewable energy |
1 for investments grade projects
