Slovakia is one of the EIB’s newest trust fund contributors. In 2017, the country pledged a total of €2 million to the Economic Resilience Initiative Fund (ERIF). The ERIF aims to mobilise investment and build resilience for economies in the EU’s Southern Neighbourhood and the Western Balkans regions.
Contributions to date
Slovakia has committed a total of €2 million.
Economic Resilience Initiative Fund (ERIF): €2 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.
What does the energy crisis mean for urgent cuts to greenhouse gases and the transition to net zero? A boost for clean energy, but also possible delays in investment, volatility and inflation—and a still more important role for public banks