Hungary became a donor partner in 2016, when a first contribution of €1 million was made to the EU-Africa Infrastructure Trust Fund (EU-AITF). This Hungarian support will promote regional infrastructures and trade in sub-Saharan Africa, boosting economic prospects for local people.
Contributions to date
Hungary has committed a total of €1 million.
EU-Africa Infrastructure Trust Fund (EU-AITF): €1 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