Financial Inclusion Fund
Established in 2019, the Financial Inclusion Fund aims to improve access to finance for small businesses and entrepreneurs in developing countries worldwide. The trust fund seeks to do this by providing technical assistance and capacity building operations to microfinance service providers. The Financial Inclusion Fund was developed in partnership with Luxembourg.
Luxembourg is the first and currently only contributor to the Financial Inclusion Fund. It has committed EUR 3.6m to finance operations deployed by the trust fund.
The EIB uses donor funds to enhance the development impact of investment projects. The Financial Inclusion Fund currently provides technical assistance and capacity building operations. Other instruments, such as first-loss piece guarantees and local currency lending, can also be made available.
Operations financed by the Financial Inclusion Fund are limited to countries referenced on the OECD’s Development Assistance Committee list of Official Development Aid recipients.
They include countries in Africa, Asia, the Caribbean, the EU’s Neighbourhood, Latin America and the Pacific.