The European Commission is EIB’s leading trust fund contributor, as well as being the largest contributor of grant resources to the EIB via regional EU blending facilities. Since 2005, the Commission has contributed a total of €648.7 million to two EIB-managed funds. The Commission is a co-founder of, and donor to, the award-winning EU-Africa Infrastructure Trust Fund (EU-AITF) that facilitates financing for complex infrastructure projects in sub-Saharan Africa. The Commission also supports projects in the EU’s Southern Neighbourhood through its contribution to the FEMIP Trust Fund (FTF).
Contributions to date
The European Commission has committed a total of €648.7 million.
EU-Africa Infrastructure Trust Fund (EU-AITF): €647.7 million
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.
More partnerships and investment are needed to improve low levels of developing world vaccinations and fight future diseases. Here’s how the EU bank is working to create vaccine-manufacturing facilities in Africa and to vaccinate other regions of the world