1 EIB Funding as a Co-financing source to EU Grants Annual Meeting of ISPA Partners 9-10 April 2003 « From ISPA to Structural Funds » « From ISPA to Structural Funds »

2 The EIB in Central Europe The EIB in Central Europe Instruments available for bringing together EIB operations and EU Instruments available for bringing together EIB operations and EU grant funding Experience in the existing Cohesion Countries Experience in the existing Cohesion Countries The way forward The way forward

CEE Acceeding Countries 1. Annual volumes approved for EIB lending 2. Signed finance contracts in CEE 3. Disbursements under CEE loans

– end March 2003 EIB lending to CEE by Acceeding Country (Total amount: EUR 19,8 bn)

– end March 2003 EIB lending to CEE Accession Countries by Sector (Total amount: EUR 19,8 bn)

6 Which types of projects are eligible for EIB Financing? Transport and infrastructure Transport and infrastructure Communication and Energy Communication and Energy Urban development Urban development Environmental protection and improvement Environmental protection and improvement SME financing through Global Loans SME financing through Global Loans Health and Education Health and Education

7 Cohesion Funds and Structural Funds EIB Framework Agreement Cofinancing of Regional Development Plans Grouped Municipal transactions Individual transactions outside NDPs Individual transactions inside NDPs Grouped sector loans Bringing together EU grants and EIB operations

8 Examples of EIB Co-financing operations in the Cohesion Countries BeneficiaryCountryTotalAmountEIBsCofinancing Comunidad Autonoma de Cantabria / Regional Operational Program Spain / Regional Operational Program EUR 519 m EUR 80 m (25 %) Sviluppo Provincia Ferrara Emiglia Romagna Region Italy / Local Development Plan EUR 300 m EUR 25 m EUR 75 m (33 %) Sviluppo Regione Puglia Italy / Regional Operational Program EUR 6,7 bn EUR 300 m (4,5 %)

9 Example: Comunidad Autonoma de Andalucia Investment Cost Plan

10 Example: Comunidad Autonoma de Andalucia Financing Plan EIB lending operation Eligible for EIB financing measures

11 Example: Sviluppo Regione Campania, Italy Combined Investment Cost and Financing Plan Financed by the region through equity and leverage

12 The way forward to EU-Accession and beyond Early involvement of the Bank in the programming process Early involvement of the Bank in the programming process Prioritisation of Public Sector Projects Prioritisation of Public Sector Projects Use of different types of framework agreements and loan groupings Use of different types of framework agreements and loan groupings Accelerated Finance Initiative (AFI) Accelerated Finance Initiative (AFI) New sectors (H&E) New sectors (H&E) New products (Private Finance Initiative) New products (Private Finance Initiative)

13 What QUESTIONS do you have to my ANSWERS? Henry Kissinger at a press conference Aristotle