EIB

PRIVATE SECTOR ASSISTANCE

1. Name of Organisation :
European Investment Bank (EIB)

2. Assistance Scheme/Program :
The Bank provides risk capital usually through a country’s central bank in the form of:

minority equity participations of a temporary nature in enterprises and development banks;

quasi-capital in the form of subordinated loans (repayable after other bank debts) and conditional loans (linked to fulfilment of certain conditions);

loans to promoters, African, Caribbean and pacific (ACP) States and development banks to acquire shareholding in an ACP undertaking.

Depending on the nature of each project quasi-capital assistance is generally concessional (often 2% with term of 25 years) - repayments in equal annual instalments. Denominated in ECU but disbursed in EU currencies. Endorsement of the host country’s government is required.

3. Criteria :
Eligible countries are Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, Tuvalu, Vanuatu and Samoa. Priority is given to productive projects in industry, agro-industry, agriculture, mining, energy, tourism, transport and telecommunications. Purchases of equipment when funded by this facility are required to be by international tender, at least to EU member countries and ACP states.

1.	Name of Organisation	:	European Investment Bank (EIB)

2.	Assistance Scheme/Program	:	The Bank provides risk capital usually through a country’s central bank in the form of: minority equity participations of a temporary nature in enterprises and development banks; quasi-capital in the form of subordinated loans (repayable after other bank debts) and conditional loans (linked to fulfilment of certain conditions); loans to promoters, African, Caribbean and pacific (ACP) States and development banks to acquire shareholding in an ACP undertaking. Depending on the nature of each project quasi-capital assistance is generally concessional (often 2% with term of 25 years) - repayments in equal annual instalments. Denominated in ECU but disbursed in EU currencies. Endorsement of the host country’s government is required.

3.	Criteria	:	Eligible countries are Fiji, Kiribati, Papua New Guinea, Solomon Islands, Tonga, Tuvalu, Vanuatu and Samoa. Priority is given to productive projects in industry, agro-industry, agriculture, mining, energy, tourism, transport and telecommunications. Purchases of equipment when funded by this facility are required to be by international tender, at least to EU member countries and ACP states.