The EU-AITF’s main objective is to promote investment in infrastructure in Sub-Saharan Africa through various forms of grants which are blended with long-term investments by selected development finance institutions.
In 2014, EIB lending in the Czech Republic totalled EUR 1 198m, representing a 60% increase compared to 2013 and bringing EIB lending for projects promoting European objectives in the Czech Republic to EUR 5.6bn over the past five years (2010–2014).
This report covers all the operations financed by the EU-Africa Infrastructure Trust Fund in sub-Saharan Africa. It provides details on the 10 grants, totalling EUR 59.8 million, which were approved in 2014.
Access to finance remains a genuine challenge to micro and small and medium-sized enterprises across the ACP regions, but local private enterprise development is a major driver of economic growth, revenue generation and international competiveness. The EIB has made developing the private and financial sectors a priority across all non-EU mandates.
The Annual Reports were prepared by the Audit Committee of the Bank, an independent body of individuals appointed by, and reporting to, the Board of Governors. These reports are published in accordance with a decision of the EIB's Board of Governors on 19 June 2015.
Sustainable energy is a key priority for the EIB in Africa. Almost a quarter of recent EIB operations in sub-Saharan Africa, and over a third of recent operations in North Africa, support the energy sector.
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