Cyprus has been an EIB donor since 2004 and is one of the founding members of the FEMIP Trust Fund (FTF). Cyprus contributed €1.05 million to this trust fund, which over many years has fostered private sector development and supported infrastructure development in the EU’s Southern Neighbourhood.
Donor partnerships provide an effective vehicle for donors looking to deliver sustained impact in developing countries. They enable donors to work with the EIB to unlock projects with high socio-economic returns, reaching out to people and places with additional support for targeted development outcomes. EIB activities outside the EU account for around one third of EU development aid. All contributions to EIB donor funds are considered Official Development Assistance (ODA) eligible.