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The envelope aims to provide financing to a still-to-be-defined number of financial institutions across countries in Africa, Caribbean and Pacific (ACP) regions, for the implementation of their IT developments. It will finance IT related projects which could notably include the Research, Development and Innovation and implementation of IT systems in the field of mobile services, digitalisation, process optimisation, business model evolution, regulatory requirements and cyber-security protection.
To support the digitalisation financial intermediaries in ACP countries, mostly in in Sub-Saharan Africa.
If located in Europe, the implementation of banking IT systems would not be covered by the EIA directive 2011/92/EU. In addition, the project activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project.
The promoters of the individual projects under the Programme have been assessed by the EIB as being private companies not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to rules on public procurement.
Under EFSD+ Guarantee