Description
Committed to helping countries weather the negative effects of the crisis, the Bank stepped up its support throughout 2009. Signed commitments during the year totalled EUR 863m, providing assistance to 29 development projects in the ACPs and OCTs. Compared to 2008, own resources and Investment Facility lending rose by EUR 188m and EUR 124m respectively. Regional integration was encouraged, accounting for 41% of signed commitments.
The response to the crisis entailed taking – temporarily – more risks. However, by drawing on a wide range of available financial instruments and relying on selective, early-stage project screening and regular monitoring, the Bank managed to maintain a balanced portfolio.
In 2009 the EIB also increased its support for sustainable economic development in the Republic of South Africa, extending funding to four projects for a total of EUR 280m.
