Warsaw, 23 March 2007 Vice President Ivan Pilip
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Transcript of Warsaw, 23 March 2007 Vice President Ivan Pilip
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Joint technology Initiative for Clean Coal
EU Financial Instruments Supporting the Development of Technology Initiatives
Warsaw, 23 March 2007Vice President Ivan Pilip
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General Overview on the EIBEIB Profile
• The EIB is the EU long-term financing institution
• The EIB has been created by the Treaty of Rome in 1958
• The EIB is owned by the 27 EU member states
• The EIB is a policy driven institution (EU Commission, Council and EP)
• The EIB has a subscribed capital of EUR 164.8 bn
• The EIB collects its funds on the capital markets (2006: EUR 48 bn)
• The EIB signed loans amounting to EUR 45.8 bn in 2006
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General Overview on the EIBEIB Strategic Objectives
• Economic and social cohesion in an enlarged EU
• Environmental Protection and Improvement, including Climate Change and Renewable Energy.
• Implementing of the Innovation 2010 Initiative (i2i)
• Development of Trans-European and Access networks (TENs)
• SME Financing support
• Support of EU Development and Cooperation Policies in Partner Countries
General Lending Policy
• EIB follows a policy of close co-operation with the banking sector, including national and regional promotional banks.
• EIB financing always supports individual eligible investments of the beneficiaries.
Six Strategic Priorities
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Financing Innovation in Europe The Innovation 2010 initiative (i2i) has been founded in 2000 as a part of the Lisbon Agenda!
Private and Public Sector Investment in R&D
Human Capital Formation (Education & Training)
Development of Information and CommunicationTechnology (ICT)
SME/VC Financing (EIF)
The 4 strategic areas of i2i lending activities
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General OverviewImplementation of i2i
• EIB financing of i2i investment reached EUR 46bn since 2000
• Financing of RDI (public and private sector combined) is the largest component, with 61% of signatures in 2006.
• EIB has developed a strong base in RDI financing since 2000 upon which it will now develop more Value Added Products.
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Approvals Signatures Disbursements
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Year
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The Risk Sharing Finance FacilityConclusion
Project/Promoter
Attractive financing costs due to AAA rating and non-profit status
Flexible terms and conditions (e.g. long repayment periods)
Financial Value Added
Project Due Diligence: Strong technical competencies
Know-how and track record in financial structuring
Know-How
Risk Sharing
The EIB can share risks with banks/promoters as appropriate
Product Innovations
Dialoque with banks and industry to develop suitable products