United Kingdom
London, United Kingdom
[United Kingdom donor profile]
[The United Kingdom is a major contributor to EIB trust funds, providing valuable support and assistance to development projects operating in sub-Saharan Africa, Eastern Partnership countries, the Western Balkans and the EU's Southern Neighbourhood.]
United Kingdom
[United Kingdom donor profile]
[The United Kingdom is a major contributor to EIB trust funds, providing valuable support and assistance to development projects operating in sub-Saharan Africa, Eastern Partnership countries, the Western Balkans and the EU's Southern Neighbourhood.]
The United Kingdom’s donor partnership with the EIB dates back to 2005. The UK is the Bank’s second-largest trust fund contributor, having pledged a total of €146 million to four different EIB-managed funds. The country is a contributing member of the FEMIP Trust Fund (FTF), through which it has also funded CAMENA, a dedicated climate-action envelope that supports climate initiatives in the Mediterranean region. The UK also provides financial assistance to the Eastern Partnership Technical Assistance Trust Fund (EPTATF), the EU-Africa Infrastructure Trust Fund (EU-AITF) and the Economic Resilience Initiative Fund (ERIF).
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.