Ireland first became an EIB donor partner in 2005 when it pledged funds to the FEMIP Trust Fund (FTF). Ireland has committed a total of EUR 1 million to this trust fund, which promotes infrastructures and private sector development in the EU’s Southern Neighbourhood by providing project technical assistance, risk capital operations and capacity building.
Donor partnerships provide an effective vehicle for donors looking to deliver sustained impact in developing countries. They enable donors to work with the EIB to unlock projects with high socio-economic returns, reaching out to people and places with additional support for targeted development outcomes. EIB activities outside the EU account for around one third of EU development aid. All contributions to EIB donor funds are considered Official Development Assistance (ODA) eligible.