EU Grants €800 Million for EIP’s First Projects in Africa and Neighbourhood

The EU has provided a package of financial guarantee programmes worth around €800 million as part of its External Investment Plan which will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighbourhood.

This new programme will benefit people who currently have difficulty borrowing money at affordable rates, such as internally displaced people, refugees or returnees. Another programme will enable over 25,000 small businesses to access mobile accounts and long-term credit, in order to support the financial inclusion driven by diasporas, migrants’ families and returnees.

High Representative/Vice-President, Federica Mogherini said, “The EU’s External Investment Plan has already started to bring real benefits to the people in our partner countries. These guarantee programmes for sustainable investment give now access to affordable loans to people who have been forced to flee their country and those who have recently returned home to rebuild their lives: to start small businesses or to have access to new technologies. This plan is about building a new present for many people and for their countries, it is about changing lives, now and for good.”

The External Investment Plan’s financial pillar consists of two parts: Guarantee Fund (for a total of €1.5 billion by 2020) for Sustainable Development. This is expected to leverage €8-9 billion of public and private investments and Blending Facilities (for a total of €2.6 billion by 2020) which will help to leverage up to €14.6 billion in investments. These programmes will cover areas such as transport, energy, environment, agriculture, urban development sectors and also improve access to finance for local micro, small and medium enterprises.

The EIP is also open for contributions from other donors, including EU Member States, third countries as well as private philanthropic actors. Discussions with such potential donors have proved the innovative, attractive and ambitious approach of the EIP. In this vein, the EU also welcomed the first major contribution from the Bill & Melinda Gates Foundation, of around €53 million ($62 million). This will attract further investment to incentivise research and innovation in e-health in less developed and fragile environments.

DFID-Zimbabwe seeking Applications for Stopping Abuse and Female Exploitation (SAFE) Programme

Getty Images announces Reportage Grant to Support Independent Photojournalists

ACP EU CULTURE: “Support for ACP Audiovisual Co-production” Programme

USDA-NIFA announces Food Safety Outreach Program for United States

NER issues a Call for Proposals for Planning Grants within Energy Research 2019

Pride Foundation Australia inviting Individuals & Organisations for Small Grants Program

Ministry of Foreign Affairs of the Republic of Bulgaria announces Call for Proposals for Ukraine

USAID: MOMENTUM (Moving Integrated, Quality Maternal, Newborn, and Child Health and Family Planning and Reproductive Health Services to Scale)

GPSA announces 4th Global Call for Proposals for Civil Society Organizations (CSOs) and CSO Networks

Canada Fund for Local Initiatives – Turkey, Azerbaijan, Georgia, and Turkmenistan

RWJF’s Equity-Focused Policy Research Funding Opportunity in the United States

USAID-Islamabad: Women’s Economic and Social Empowerment (“Transform”) Activity

U.S. Department of State announces Funding to Promote Accountability in Iraq and Syria for Crimes against Humanity

Ministry of Foreign Affairs of the Republic of Bulgaria announces Call for Proposals for Albanian Organizations

EU seeking Proposals to Promote Citizen Participation and Entrepreneurship of Burkinabe Youth

EU announces Call for Proposals for “Central Asia Invest V”

Ministry of Foreign Affairs of the Republic of Bulgaria seeking Project Proposals for Kosovo

UNFPA-Turkey inviting Organizations to Submit Grant Proposals 2019-Q2

AI for Earth Innovation Program inviting Proposal from all over the World

National Geographic Society announces Participatory Science Grant Program

Request for Proposals on Big Cats Conservations Initiative

USAID/Senegal Seeking Applications for Prevention of Child Early and Forced Marriage Activity

DHHS/ACF announces Ethnic Community Self Help Program

U.S. Department of State, Bureau of DRL announces Accessing to Justice in Moldova

>