ACP Investment Facility (IF) - EIB

Donor: 
Any donor
International Finance Institutions
European Union
Geographical focus: 
Africa
Americas
East Asia and the Pacific
Thematic focus: 
Tourism in general
Infrastructure in Tourism
Trade, Investment and Competitiveness in Tourism
Intro text: 
The Investment Facility (IF) was established under the Cotonou Agreement and Overseas Association Decision. It is managed under the mandate by the European Investment Bank and is funded from the resources of the EU Member States.

Official website

www.eib.org/projects/regions/acp/funding-and-financial-instruments/investment-facility/index.htm

Geographic focus

African, Caribbean and Pacific Countries

Who can apply?

The private sector and commercially-run public enterprises.

Objectives and activities

Objective: The IF is a revolving fund where loan amortizations are reinvested in new operations, which makes it a financially sustainable facility. It provides financial instruments that allow it to support a wide range of higher risk operations.

Activities: The facility supports projects promoting the development of the private sector and commercially-run public enterprise. Investments in the infrastructure sector and the financial sector promoting private sector development are a priority. Investments in the infrastructure sector and the financial sector promoting private sector development are a priority. The Investment Facility contributes to add further value to operations financed by the EIB through the provision of grants for financing interest rate subsidies as well as, to a certain extent, project-related technical assistance.

Type and level of funding

In July 2013, the IF was endowed by EU member states with a new financial envelope of EUR 500 million which will allow it to take even more risk for even more development, through "impact investing".

Funding for 2014-2020: EUR 1.1 billion. Financial instruments:

Senior loans
Intermediated loans
Interest rate subsidies
Technical assistance
Widely traded currencies
Junior or subordinated loans
Quasi-equity funding
Equity funding
Guarantees
Local currencies