National representatives give feedback on lending policy guidelines as well as more general discussions on economic, financial and sectoral matters. There are three forums for dialogue with national representatives: Ministerial Conferences; Advisory Committee; FEMIP Conferences.
National and multilateral partners
We also work closely with a range of national and multilateral partners which promote regional growth and integration. Click here for details.
Six out of the ten of the EUR 1bn projects signed in 2011 were co-financed with other international, regional or bilateral institutions. FEMIP works with the European Commission to maximise synergies with the EU’s budgetary resources. There are also close links with international and bilateral European financial institutions.
- Neighbourhood Investment Facility (NIF)
The NIF mobilises additional resources to fund infrastructure needs. Created in 2008 by the European Commission, it is particularly active in the transport, energy, environmental and social sectors.
The EIB is the largest financier in terms total lending, co-financing nearly 80% of the 50 projects approved since the facility began. For example, the Mediterranean Solar Plan it being supported after the EIB and other international financial institutions requested support worth EUR 5m from the NIF. It will go towards project preparation for renewable energy and energy efficiency activities. We also act as the financial manager of the NIF Trust Fund.
- The Mutual Reliance Initiative
The Mutual Reliance Initiative promotes efficient project co-financing by various financing institutions through the mutual recognition of procedures. This simplifies project appraisal and monitoring, reduces transaction costs and develops best practice for the division of labour. This is an initiative of the EIB, Agence Française de Développement (AFD) and Kreditanstalt für Wiederaufbau (KfW).