Spain first partnered with the EIB in 2004 and has contributed a total of €20 million to two EIB trust funds. As a contributing member of the FEMIP Trust Fund (FTF), Spain provides development assistance to countries in the EU’s Southern Neighbourhood. Spain has also pledged development assistance to the EU-Africa Infrastructure Trust Fund (EU-AITF), which supports infrastructure projects in sub-Saharan Africa.
Contributions to date
Spain has committed a total of €20 million.
EU-Africa Infrastructure Trust Fund (EU-AITF): €10 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