Description
The European Investment Bank supports the European Union’s cooperation and development policies in the African, Caribbean and Pacific regions under the Cotonou Partnership Agreement between the EU and 77 African, Caribbean and Pacific (ACP) countries. The EIB manages the ACP Investment Facility, a EUR 2 037m risk-bearing instrument financed from the European Development Fund and geared specifically to fostering private sector investment in the ACP countries.
In addition to the ACP Investment Facility, the Bank is currently authorised to lend up to a further EUR 1 700m to the ACP countries from its own resources. Such own resources lending in the ACPs, usually on a long-term basis, is guaranteed by the EU Member States.
