Ireland
Dublin, Ireland
[Ireland donor profile]
[Ireland is an important contributor to EIB trust funds, providing valuable support and assistance to development projects in the EU's Southern Neighbourhood.]
Ireland
[Ireland donor profile]
[Ireland is an important contributor to EIB trust funds, providing valuable support and assistance to development projects in the EU's Southern Neighbourhood.]
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 €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. Ireland made a contribution to the EU for Ukraine Fund (EU4U), which supports Ukraine’s recovery and reconstruction. Ireland is also a contributor to the ACP Trust Fund, which promotes growth and prosperity in African, Caribbean and Pacific countries.
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.