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Joint technology Initiative for Clean Coal EU Financial Instruments Supporting the Development of Technology Initiatives. Warsaw, 23 March 2007 Vice President Ivan Pilip. General Overview on the EIB. EIB Profile. The EIB is the EU long-term financing institution - PowerPoint PPT Presentation
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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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2 000
4 000
6 000
8 000
10 000
12 000
14 000
2000 2001 2002 2003 2004 2005 2006
Approvals Signatures Disbursements
mEUR/year
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