Transcript Document

EIB Contribution to the EU Strategy
for the Danube Region
Ruse, 10 May 2010
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The EIB’s Priority Objectives
Within the Union:
Cohesion and convergence
Small and medium-sized enterprises (SMEs)
Environmental sustainability
Competitive knowledge economy
Trans-European Networks (TENs)
Sustainable, competitive and secure energy
EIB’s six priority lending objectives overlap with the three main
thematic areas of the Danube Strategy:
Connectivity and communication systems
Environmental protection
Economic and social development
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EIB Lending in the Danube Region in 2008-2009
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Länder of Baden-Württemberg and Bavaria
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EIB Lending in Danube Region Member States
Signatures: EUR 6.7bn in 2008 and EUR 9.8bn in 2009
EIB borrowers are:
(i) Public sector entities: Sovereign MSs, regions,
municipalities and other sub-sovereign public entities
(ii) Private sector entities: leading corporates in all countries
requiring financing for capex and R&D investments
(iii) Financial institutions as intermediaries for EIB’s Loans
dedicated to SMEs and Mid-Cap Loans
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Instruments
Leverage – lending, expertise and partnership
Co-financing with EU Structural Funds – funding the national
or regional contribution
ERDF, Cohesion Fund, ESF
Individual (large) projects
Sectoral or regional operational programmes
Entire NSRF
Financial Engineering
JESSICA
JEREMIE
RSFF, LGTT
TAC (Technical Advisory + Cooperation)
JASPERS
Other TAC by EIB
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EIB in line with the markets demands
In Austria and Germany, a large portion of EIB lending
goes to the private sector (knowledge economy and
RDI)
In Bulgaria, the Czech Republic, Hungary, Slovakia, and
Romania, the main emphasis is on
(i) public sector loans to meet national co-financing
requirements for the implementation of EU Funds
supported projects and
(ii) major capital expenditure projects to enhance
Cohesion and Convergence
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Project examples:
TEN-T railway corridors (AUSTRIA)
EUR 200m loan for the construction of the new main
railway station in Vienna, at the junction of Priority TENT railway corridors
SOFIA MUNICIPAL INFRASTRUCTURE (BULGARIA)
EUR 43.5m for the rehabilitation of 3 of the main traffic
nodes of Sofia’s road network
CROSS-BORDER PROJECTS aiming at financing
small and medium-scale projects carried out by SMEs in
the Danube region
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Co-financing with EU Structural Funds
Co-financing with EU Structural Funds – funding the national
or regional contribution
In the last years, the EIB has signed a number of
Structural Programme Loans in Bulgaria, the Czech
Republic, Hungary, Romania and Slovakia to co-finance
Operational Programmes
Examples: NSRF Co-financing Facility (Romania) for
EUR 1.0bn- signed in 2008: supports the implementation
of Romania’s 2007-2013 National Strategic Reference
Framework. A similar operation was signed in Bulgaria in
2007 (EUR 700m).
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JASPERS in the Danube Region
Summary of JASPERS assignments in the Danube Region
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EIB Lending in Danube Region to Western Balkans States
Lending to all countries in WB on the basis of the
“Pre-accession mandate” (EU budget guarantee)
(EUR 8.7bn over 2007-2013) and at EIB’s own risk
under the “Pre-Accession” Facility (EUR 5.5bn over
2007-2013)
Objective: foster economic development and
integration process in the EU
Sector focus: modernisation and upgrading of
national infrastructure, diversified support to human
capital, SMEs, local authorities
Total lending in 2009: EUR 1.6bn
Major WB borrower: Republic of Serbia (EUR 896m
in 2009)
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EIB Lending in Danube Region to Moldova and Ukraine
EIB Financing in the EU’s Eastern Neighbours
Lending to Ukraine, Moldova, Armenia, Azerbaijan,
Georgia and Russia under EU mandate 2007-2013
(EUR 3.7bn) and under the EIB Eastern Partners
Facility (EUR 1.5bn)
Objective: priority to projects on extended major Trans
European Network axes, projects with cross-border
implications for one or more Member States and major
projects favouring regional integration through increased
connectivity. For energy, focus on strategic energy
supply and energy transport projects. But also
environment, SMEs
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Co-operation on Macro Regional Strategies
The EIB has participated already in a EU Strategy for
macro-regions: EU Baltic Sea Strategy
EIB was present as from the development stage of the
EU Strategy for the BSR
Close co-operation with Commission
EIB worked in close co-operation with other IFIs (in
particular Nordic Investment Bank) and organisations in
the macro region
2009: EUR 11.5bn
Major BSS borrower: Poland (EUR 4.8bn in 2009)
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Issues for an efficient implementation of the Danube Strategy
Investments in infrastructure which move to business
development, entrepreneurship and support to knowledge
economy
Importance of strengthening institutional capability: from projects
origination to implementation and of developing an integrated
approach addressing financial and non-financial needs
Priority to be given to cross-border projects and interconnectivity
Importance of promoting cooperation (between funding sources,
MS and non-MS), and exchange of information and best
practices
Importance of prioritising investment needs and avoiding
fragmentation
The direct participation through the regional offices
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Priorities for a successful Danube Strategy
Focus on environment and sustainable production and
consumption of natural resources
Proper integration of the territorial dimension
Support to cross-border projects and inter-connection
within the Danube region, with a specific attention to
linking MS and non-MS countries
Focus on supporting economic competitiveness and
accession process for Candidate countries and potential
Candidate countries
Emphasis on strengthening cooperation between IFIs for
lending in non-MS and on supporting the emergence of
public private partnerships.
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For more information…
Milena Messori
Head of EIB Bucharest Office
Tel. +40 21 208 64 00
Fax +40 21 317 90 90
[email protected]
http://www.eib.org/
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