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The EIB’s innovative role in the ACP under Cotonou: Options beyond 2020

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Dr San Bilal & Sebastian Große-Puppendahl, ECDPM
ACP Working Group
EIB, Brussels, 12 April 2016

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The EIB’s innovative role in the ACP under Cotonou: Options beyond 2020

  1. 1. The EIB’s innovative role in the ACP under Cotonou Dr San Bilal & Sebastian Große-Puppendahl ACP Working Group EIB, Brussels, 12 April 2016 Options beyond 2020
  2. 2. Outline 1. EIB framework 2. Key elements of Cotonou for EIB 3. Consideration on EIB operations in practice 4. EIB in ACP post 2020
  3. 3. • Outside EU: ELM & ACP/Cotonou = 10% 1. EIB operations: €80.3 bn in 2014 • Inside EU: including Juncker Plan (EFSI) = 90% ACP: € 1bn in 2014 (€1.2 bn with SA)
  4. 4. 2. Key elements of Cotonou for EIB • Stability and continuity: 20-year, single agreement for large group of countries, yet flexible (e.g. IFE) • Partnership institutions and IF Committee • Investment Facility (IF) : revolving fund, focused on private sector & Impact Financing Envelope (IFE): higher development impact, accepting higher risks • Combined with subsidies: Technical Assistance & interest rate subsidies • Local currency lending: exchange risk covered by IF • EU Member State Guarantee: guarantee for all ACP without bilateral framework agreements, unlike ELM
  5. 5. 3. EIB in practice: challenges and dilemmas • High-quality management, high standards = general praise  EU standards for ACP/DCs? (techn.; risk.; etc.) • Technical assistance: important but limited • EIB’s presence on the ground: : important but limited • Cooperation with other actors: good with DFIs, insufficient with donors (e.g. TA); higher demand from RDBs • Country coverage: market & project oriented; not enough in fragile and poorer countries => IFE • EIB aligned to EU policies: but tension with some at EC on development; how aligned to ACP strategies? • EIB inside & outside EU: synergy and tensions • EIB financial return and development impact: synergy and tensions ; risk dimension  Catch 22! • Transparency: do more
  6. 6. 4. EIB options post-2020 • Mandate: ACP focused or ELM or hybrid? • Depends on future of overarching ACP-EU relations • Build on acquis • Why not extend what works well beyond ACP? • Role of EU Member States? • Voice and role of ACP (partners or recipient)? • Single agreement / framework, with continuity overtime • Identify clear priorities • Future of IF/IFE: • IF framework = fits well 2030 Agenda and SDGs (and current challenges: migration, climate change,…) • keep endowment • Increase endowment with aid money • Increase capital with EIB own resources • Open capital to other financiers • Merge IFE in IF: risk and development impact continuum • Open to non-ACP • Increase capacity of EIB (e.g. staff & field presence) and strategic synergy (with other financial institutions and donors, including within EU, with EC!!!)
  7. 7. Thank you www.ecdpm.org Page 7 Sebastian Große-Puppendahl Policy Officer, ECDPM sgp@ecdpm.org Dr San Bilal Senior Executive Head of the Economic Transformation and Trade Programme Editor of ECDPM GREAT Insights (http://ecdpm.org/great-insights/ ) Brussels office E-mail: sb@ecdpm.org Twitter @SanBilal1 http://ecdpm.org/people/sanbilal/ Subscribe to ECDPM information: http://ecdpm.org/subscribe/

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