An EIB donor partner since 2004, Greece has contributed a total of €4 million to two EIB trust funds. The country is a contributor to the FEMIP Trust Fund (FTF) which fosters private sector development and infrastructure projects in the EU’s Southern Neighbourhood. Greece also provides grant support to the EU-Africa Infrastructure Trust Fund (EU-AITF), thereby promoting regional infrastructure projects in sub-Saharan Africa.
Donor partnerships provide an effective vehicle for donors looking to deliver sustained impact in developing countries. They also 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