Description
Throughout 2010, the focus of EIB lending remained on supporting economic infrastructure, notably in the energy and water sectors, and financial sector development in an effort to help sustain the momentum of economic recovery and growth in the ACPs, OCTs and South Africa. Signed commitments of just over EUR 1 bn during the year towards 26 sustainable projects across the regions bring total lending since 2003 to EUR 6 bn.
Efforts continued to ensure the coherence, consistency and complementarity of the Bank’s activities with EU policies, as well as with the activities of the European Commission, bilateral and multilateral financing institutions and others; 53% of projects signed to date in the ACP region are now co-financed with development finance institutions. Initiatives based on the blending of loans with grants, such as the EU-Africa Infrastructure Trust Fund, as well as on delegated cooperation with other institutions are essential to build on existing synergies and collaborations with partners and maximise financing efficiency.
