Asian Investment Facility (AIF)

Submitted by icr1 on Mon, 11/23/2015 - 16:06
Donor: 
Any donor
European Union
Geographical focus: 
Global
East Asia and the Pacific
South Asia
Thematic focus: 
Tourism in general
Energy in Tourism
Infrastructure in Tourism
Sustainability of natural resources in Tourism
Intro text: 
The Asian Investment Facility (AIF) was created in 2010 in line with the objectives of the Development Cooperation Instrument (DCI) and the Regional Strategy for Asian countries.

Official website

 https://ec.europa.eu/europeaid/asian-investment-facility-aif-action-document_en

Geographic focus

Asia

Who can apply?

 Multilateral and national European development finance institution. The project will be eligible if it is considered as a priority by the strategic board of the facility.

Objectives and activities

Objective: The Asian Investment Facility, promotes a green economy through the leverage of additional investments and key infrastructure.

Activities:

  • Priority focus on climate change relevant and "green" investments.
  • Investment funding in green infrastructure that will limit the emission of CO2 and equivalents and increase resilience to climate change in vulnerable countries. The AIF is the vehicle for leveraging this investment funding.
  • In addition, capital may be provided in particular to SMEs and to social sector investments.

Type and level of funding

2013: Total amount of EU budget contribution: EUR 30 million.

Financial assistance is provided in the form of grants and loans.