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.
Main development impact
EFP’s financing is aimed at securing financing for healthy local companies, speeding up economic recovery, protecting jobs, and contributing to host countries by paying taxes and other payments to local governments. Further, EDFI companies can improve the borrower companies' E&S management and good corporate governance practices if and when required.Investment details
Name: | European Financing Partners |
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Project number: | 80000049 |
Region: | International |
Country: | International |
Sector: | Financial institution |
Signing date (month/year): | December 2022 |
Currency: | EUR |
Finnfund's financing (commitment): | 15,000,000 |
Instrument: | Loan |
Status: | Active |
Website: | https://edfi.eu/ |
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.
Other investments
Name | Country | Signing date (month/year) | Currency | Finnfund's financing (commitment) | Instrument |
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European Financing Partners | Africa | 2010 | |||
European Financing Partners | International | July 2020 | EUR | 10,000,000 | Loan |