European Financing Partners

In brief

European Financing Partners (EFP), a joint venture between the European Investment Bank (EIB) and twelve European Development Finance Institutions (EDFIs), is a co-financing vehicle established in 2003 aiming at promoting sustainable development of the private sector and strengthening cooperation between eligible EDFIs and the EIB. EIB’s financing is from the Cotonou Agreement Investment Facility for the African, Caribbean and Pacific Group of Countries (ACP) based on the Cotonou Agreement of July 2000. This means that EIB will only participate in projects in the ACP countries, whereas other shareholders of EFP can provide financing to countries included in the OECD DAC list. EFP shareholders have committed nearly EUR 1.3 billion of financing over the years. This is the seventh round of commitments from the EDFI members to EFP, aimed at alleviating the consequences of the novel coronavirus disease (COVID-19) pandemic for developing economies. Finnfund reactivates its participation in EFP with a EUR 10 million commitment dedicated solely to combat the consequences of the COVID-19 crisis.

Main development impact

Investment details

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.