Hungary
Budapest, Hungary
[Hungary donor profile]
[Hungary is an important contributor to EIB trust funds, providing valuable support and assistance to development projects in the sub-Saharan Africa region.]
Hungary
[Hungary donor profile]
[Hungary is an important contributor to EIB trust funds, providing valuable support and assistance to development projects in the sub-Saharan Africa region.]
Hungary became a donor partner in 2016, when a first contribution of €1 million was made to the EU-Africa Infrastructure Trust Fund (EU-AITF). This Hungarian support will promote regional infrastructures and trade in sub-Saharan Africa, boosting economic prospects for local people.
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.