LINKING DONOR SUPPORT
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LINKING DONOR SUPPORT

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    LINKING DONOR SUPPORT LINKING DONOR SUPPORT Presentation Transcript

    • LINKING DONOR SUPPORT TO POLICY DEVELOPMENT
      • Employment
      • &
      • the Role of the European Investment Bank
      • Thessaloniki, 21-22 April 2005
    • European Investment Bank the European Union’s financing institution
      • Created by the Treaty of Rome in 1958, to provide long-term finance for projects promoting European integration;
        • Subscribed capital EUR 163.7bn;
        • EIB shareholders: 25 Member States of the European Union;
        • Lending in 2004: EUR 43bn ( EUR 40bn within the EU);
        • Borrowing in 2004: EUR 50bn ( EUR 28bn in EU currencies).
    • EIB PROJECT ELIGIBILITY Economic and social cohesion in an enlarged EU Support for SMEs i2i, R&D, Dissemination of innovation, technology networks, education, health Environmental protection and improvement Support for EU development aid and cooperation policies Promoting Union policies Development of Trans-European and access networks
    • Strategic Outlook LISBON EU COUNCIL March 2000
      • Preparing the transition to a knowledge-based economy and society by better policies for the information society and R&D
      • Modernising the European social model, investing in people and combating social exclusion
      • Sustaining the healthy economic outlook and favourable growth prospects by applying an appropriate policy mix
      “ Lisbon Strategy” Target: … to become the most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion .
    • Strategic Outlook INNOVATION PRODUCTIVITY EMPLOYMENT COMPETITIVENESS GROWTH
    • “ i2i” – PROMOTING KNOWLEDGE & INNOVATION (2000-2010)
      • Human capital formation, including training activities;
      • Information technology networks and access;
      • R&D;
      • Dissemination of information technology and the audiovisual sector;
      • Equipping SMEs with information technologies;
      • Development of SMEs and entrepreneurship.
      Support for growth and employment
    •                                  
    •  
    • “ i2i” EUR 26.8bn SIGNED FROM LAUNCH (EUR 24bn EIB plus EUR 2.8bn EIF) 27% 25% 38% 10%
      • Human Capital
      • Research & Development
      • ICT
      • European Investment Fund
    • THE PROJECT CYCLE AT THE EIB EIB eligibility Banking criteria Monitoring Promoter’s request A sound project portfolio Contract signature Staff teams Economic Financial Technical Environmental Board of Directors Loan approval Management Committee Lawyers Contract negotiation Project Borrower Guarantor
    • PROJECT REQUIREMENTS: A project assessment with many facets
      • Projects should:
      • Be eligible for EIB finance;
      • Be technically sound;
      • Be financially viable;
      • Show an acceptable economic return;
      • Comply with environmental protection and procurement regulations;
      • Have adequate security
    • PROJECT DETAILS THE EIB NEEDS
      • General and legal information about the enterprise,its principal partners or sponsors;
      • Technical and environmental data of the project;
      • Economic data (market, jobs created,economic rate of return);
      • Financial data; operating costs (incl. depreciation and overheads), forecast financial statements (operating account and balance sheet), financing plan for the project and draw-down schedule;
      • Compliance with environmental protection and procurement regulations;
      • Guarantee security.
      A test for sound investment
    • i2i ICO; Global Loan innovation programme for SMEs The loan will allow ICO, the Spanish State’s credit agency to the main source of financing for SMEs, to facilitate SMEs’ access to long-term funds on equal terms with prime borrowers and large corporations. In addition, ICO will contribute to financing the construction of technological parks. Both schemes come under the agreement between the ICO and the Spanish Ministry of Science and Technology and the Spanish Scientific and Technological Parks Association. FINANCIAL INTERMEDIARY: ICO EIB loan: € 200 million
    • i2i Finnish Science Parks PROMOTER : The science parks are owned by Technopolis Plc TOTAL INVESTMENT COST: € 140 million EIB loan: € 70 million The project concerns the design and construction and renovation of premises suitable for high-tech companies and research institutes at four science parks in Finland namely Oulu (North Western Finland), Espoo (Helsinki Area), Vantaa (Helsinki Area) and Temperas (Central Finland)
    • i2i Turkey Education Framework Project PROMOTER : The Republic of Turkey TOTAL INVESTMENT COST: € 250 million EIB loan: € 100 million (€ 50 million signed) The project consists in providing 6,800 Information Technology (IT) classrooms to about 5,100 primary or basic education schools - teaching grades 1 through 8 - located throughout Turkey. The purpose of the project is to increase quality and relevance of basic education and to make schools a learning resource for the community.
    • i2i The Politecnici Student Loan Facility PROMOTER : Politecnico di Milano, Politecnico di Torino, Politecnico di Bari , etc EIB loan: € 25 million The proposed project is designed to facilitate access to higher education to students in later study phase in Italy and is specifically targeted to students enrolled in the Politecnici system.
    • i2i School Upgrading Project PROMOTER : The Republic of Serbia TOTAL INVESTMENT COST: € 50 million EIB loan: € 25 million The project addresses the need for restructuring and educational improvement in the Serbian education system, aimed at facilitating economic development through the enhancement of education and skills. It comprises various measures, incl. teacher training strengthened, vocational education and training overhauled ( prepared in close cooperation with the European Agency for Reconstruction)
    • i2i e-learning access enhancement PROMOTER : The Government of the Country concerned TOTAL INVESTMENT COST: € 150 million EIB loan: € 75 million The project should broaden access to education and e-Learning programmes to allow persons of all ages to gain skills. (Project under preparation)
    • i2i KfW’s entrepreneurial qualification GL PROMOTER : The German Government TOTAL COST: € 400 million EIB loan: € 200 million KfW’s entrepreneurial qualification program is specifically designed within the Federal Government’s qualification policy (AFBG) to improve and increase the qualification of skilled workers, who have already obtained a first technical non-university degree in their specific profession. The program concentrates on non-academic vocational training. The objective is to build up the knowledge and skills either to start their own business as entrepreneurs or to achieve a position with higher responsibilities in the respective industrial or services sector. )
    • A few key “musts”
      • A longer-term view …
      • Political consensus on education & coherence of policies
      • Predictability of economic policies
      • Equity in education access
      • Financing and quality of educational services
      • Responsiveness and linkages to business needs
      • Framework enabling lifelong learning
    • http://www. eib .org