Spain
Madrid, Spain
[Spain donor profile]
[Spain is a major contributor to EIB trust funds, providing valuable support and assistance to development projects in sub-Saharan Africa and the EU's Southern Neighbourhood.]
Spain
[Spain donor profile]
[Spain is a major contributor to EIB trust funds, providing valuable support and assistance to development projects in sub-Saharan Africa and the EU's Southern Neighbourhood.]
Spain first partnered with the EIB in 2004 and has contributed a total of €90 million to three EIB trust funds. As a contributing member of the FEMIP Trust Fund (FTF), Spain provides development assistance to countries in the EU’s Southern Neighbourhood. Spain has also pledged development assistance to the EU-Africa Infrastructure Trust Fund (EU-AITF), which supports infrastructure projects in sub-Saharan Africa. Most recently, Spain pledged €70 million to the EU for Ukraine Fund (EU4U), which supports Ukraine’s recovery and reconstruction.
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.