Your SlideShare is downloading. ×
4/30/10 1 European Investment Bank
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

4/30/10 1 European Investment Bank

633
views

Published on


0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
633
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
24
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • These are the 6 priority objectives of the 2007-2009 Corporate Objective Plan (COP) which is the Bank’s rolling business plan
  • Project assessment may include detailed impact assessment outside Europe
  • EIB (62%) European Commission (30%) Other European financial institutions (8%) Further information can be found on the general presentation of the Fund
  • Transcript

    • 1. EUROPEAN INVESTMENT BANK Financing Investments and Growth in Difficult Times
    • 2. Breakdown of the EIB’s capital
    • 3. The European Investment Bank (EIB) Long-term Finance Promoting European Objectives
      • European Union’s long-term lending bank set up in 1958 by the Treaty of Rome.
      • Shareholders: 27 EU Member States
      • Governance
        • Board of Governors – EU Finance Ministers
        • Board of Directors - Member States & European Commission
        • Management Committee – EIB’s executive body
        • Audit Committee – independent, non-resident
      • Subsidiary: EIF (European Investment Fund)
    • 4. The European Investment Bank (EIB) European Priority Objectives
      • Within the Union:
        • Cohesion and convergence
        • Small and medium enterprises (SMEs)
        • Environmental sustainability
        • Innovation 2010 Initiative (i2i)
        • Trans-European Networks (TENs)
        • Sustainable, competitive and secure energy
    • 5. The European Investment Bank (EIB) European Priority Objectives
      • Outside the Union:
        • Private sector development
        • Infrastructure development
        • Security of energy supply
        • Environmental sustainability
        • Support for EU presence in Asia and Latin America via Foreign Direct Investment (FDI)
    • 6. EIB Capital Increases and Outstanding Loans
    • 7. Value Added
      • Value-Added of the Bank’s lending activities:
        • Support for EU priority objectives
        • Project quality and soundness
        • Financial benefits of EIB funds
        • Technical assistance
        • Project assessment
    • 8. The European Investment Fund (EIF) Venture capital & SME guarantees
      • Established in 1994
      • Owned by:
        • EIB
        • European Commission
        • Other European financial institutions
      • Resources:
        • Own funds – subscribed capital
        • EU programmes
        • Trust operations (EIB, German Government)
      • 2007 figures (signatures):
        • Venture capital funds: EUR 521m
        • Guarantee operations: EUR 1397m
    • 9. EIB Group Response to Financial Crisis Fast Track Measures subject to approval of EIB shareholders Non-financial Measures
    • 10. EIB Group Response to Financial Crisis
      • Additional annual EIB lending: € 15 bn
      • Focus on the following priority sectors
      • SME and Mid-Caps
      • Energy, Climate Change and Infrastructure
      • Convergence Lending
    • 11. SME and Mid-Caps
      • EIB:
      • Increase by 50%
      • Additional € 2,5 bn p.a. in 2008/2009
      • Total lending up to € 30 bn for 2008-2011
      • New Mid-Cap Facility of € 1 bn p.a.
      • EIF:
      • Additional € 1 bn mezzanine mandate
    • 12. Energy, Climate Change and Infrastructure
      • Energy, Climate Change
      • (i) energy efficiency, renewables
      • (ii) environmental improvement, fossil fuels, CCS
      • (iii) Clean Transport Facility
      • Infrastructure
      • (iv) TENs and related infrastructure
      € 2,3 bn € 2,3 bn € 2 bn € 2,4 bn _______ € 9 bn p.a.
    • 13. Convergence Lending
      • Increase of further € 2,5 bn p.a.
      • Focus on EU-12
      • Forecast 2008: € 17 bn
    • 14. Disbursement data and forecast EU + Pre-Accession Countries
    • 15. EIB activities in the Western Balkans
      • (excluding Croatia)
    • 16. EIB Activities in Candidate Countries Croatia / Turkey / FYROM Forecast signatures 2008: € 3,5 bn
    • 17. Non-financial measures
      • Make (infrastructure-) projects happen
      • Technical Assistance
      • JASPERS
      • JEREMIE
      • JESSICA
      • JASMINE
      1. 2. 3.
    • 18. Make projects happen
      • if needed: restructuring with stronger public part in all cooperations between public & private sector
      • if needed: take a higher share in consortia
      • if needed: move out of pari-passu to exclusively long term financing
      • if needed: (as far as possible) take more risk
    • 19. Technical Assistance
      • Increase of Technical Assistance
      • - project preparation
      • - project standardisation
      • - project launching (tendering, …)
      • - project implementation
      • - project monitoring and reporting
      • EPEC
      • European PPP Expertise Centre
      • Western Balkans Investment Framework
      • Initiative of the European Commission, EIB together with EBRD and CEB
    • 20. What is JASPERS?
        • ‘ J oint A ssistance to S upport P rojects in E uropean R egion s’
        • Objective: increasing the capacity of the beneficiary countries to make the best use of EU Structural Grant funding
        • A technical assistance partnership to prepare major projects between DG REGIO-funded (32 professionals + 10 support staff), EIB (16 professionals), EBRD (5-8 professionals) and KfW (2 professionals)
        • Value added: draws on past experience and expertise of the EIB and the EBRD
        • JASPERS is managed within the EIB but separated from its lending activities
    • 21. EU Structural/Regional Funds
      • Focus on 12 ‘new’ Member States
      • Main Priorities: - Large projects in transport and environment sectors eligible for Cohesion Fund and ERDF
      • - Transport and other sectors € 50 M > capital cost
      • - Environment € 25 M > capital cost
      • Programming period 2007-13
      • Cohesion instruments: €350bn EU grants
    • 22.
      • JEREMIE stands for “Joint European Resources for Small and Medium-sized Enterprises
      • Initiative which was developed by the European Commission and EIF
      • EU Member States implement the JEREMIE initiative by establishing a Holding Fund funded through their Structural Funds. The Holding Fund can be managed either by the EIF or by other financial institutions
      What is JEREMIE? 2/15 National/ Regional Evaluation completed National/ Regional Evaluation under way No request
    • 23. Need to move away from “grant dependency”
      • Enhance Financial Engineering and SME Access to Finance within Cohesion Policy: Lisbon Strategy
      • Simplified procedures, though the Holding Fund system
      • … and revolving nature
      • Delegation to a neutral expert of selection of intermediaries, monitoring, reporting to Commission
      • Flexibility in the selection of instruments through holding fund concept: long term approach (2008-2015)
      • Leverage possibilities with other financial institutions, notably EIB
      • JEREMIE is a service provided to Member States (if option)
      • EIF invests in the name and on behalf of Member States/Regions
      Why JEREMIE? Joint European Resources for Micro to Medium Enterprises 2/15
    • 24. WHAT IS JESSICA?
      • Joint European Support for Sustainable Investment in City Areas
      • Initiative of the European Commission (DG REGIO) launched at end of 2005, and supported by EIB, to strengthen the urban dimension in cohesion policy
      • Partnership with CEB (Council of Europe Development Bank
      • Applying “financial engineering” techniques to EU Structural Funds
    • 25. WHY JESSICA?
      • To make Structural Fund support more efficient and effective by using “non-grant” financial instruments, thus creating stronger incentives for successful project implementation.
      • To mobilise additional financial resources and expertise for PPPs and other urban development projects with a focus on sustainability/recyclability.
      • To utilise financial and managerial expertise from international financial institutions such as EIB.
    • 26. JASMINE
      • JASMINE stands for “Joint Action to support microfinance institutions in Europe”
      • Pilot initiative which has been developed by the European Commission (EC), the European Investment Bank (EIB) and the European Investment Fund (EIF).
      • To provide effective support for the promotion of microcredit in the European Union, the
      • With a total budget of EUR 50m, JASMINE is financed by the EIB and potential partner banks, with the additional financial support from the European Commission.
      • JASMINE is managed by the EIF who will provide MFIs with sources of funding such as loans or equity,as well as technical assistance.
    • 27. For more information … http:// www.eib.org /