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November 2018
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Wednesday, 21 November 2018
Three facilities totalling EUR 54.6 million for West African small and medium-sized enterprises were signed today in Dakar with BOAD,[1] the West African Development Bank. The EIB, the European Union’s long-term lending institution, is to provide support for BOAD with an EUR 25 million global loan from the Bank’s own resources, and a EUR 25 million guarantee facility and EUR 4.6 million equity participation under the Cotonou Agreement’s Investment Facility. The guarantee facility is the first operation of this type under the Investment Facility.

The objective of the EIB's support for SMEs in West Africa is to increase the number and diversity of financial instruments and to strengthen the financial markets. The guarantee facility will allow BOAD to guarantee loans or counterguarantee capital market operations in the BOAD region (public and private issues). This facility will enable BOAD to increase the volume, number and diversity of its operations.

The EIB will also increase its equity participation in BOAD and take part in the general capital increase proposed by BOAD in the coming months. The EIB’s increased participation from 0.5% to 1% of the capital indicates continued support for the West African regional development banking institution.

The global loan will give BOAD greater access to stable sources of long-term finance. The final beneficiaries of the global loan will be small and medium-sized companies in the productive and human capital sectors engaged in foreign exchange and/or export-oriented activities.

The loan agreement was signed with the West African Development Bank in Dakar, where the BOAD Board of Directors held its meeting this month.

The global loan operation signed is the fourth such loan with BOAD and, together with the equity participation and guarantee operations, underlines the importance the EIB attaches to the regional diversity and quality of BOAD’s operations

The Investment Facility focuses on the private sector and thus aims to improve the access of SMEs to long-term finance on competitive terms and to strengthen the financial sector in the ACP countries. Global loan credit lines strengthen the ability of banks to finance smaller-scale and SME investment projects by providing funding that would otherwise not be available for the targeted projects. The intermediary banks and institutions – in this instance the West African Development Bank – act independently and use their own decision-making criteria and pricing.

Wednesday, 15 December 2004
Global climate change is one of the key concerns of the 21st century, with serious implications for economies, societies and the environment. Understanding and accessing the results of research being carried out in this field is essential if we are to maximise its impact and more accurately define research needs for the future. By creating a database of climate change related research projects funded by the European Union under its Framework Programmes for Research and Development, the ProPaCC project has created a valuable tool for both researchers and policy-makers.
European Union to become member of the Western Central Pacific Fisheries Commission in 2005

Commissioner Joe Borg, responsible for Fisheries and Maritime Affairs, has welcomed the invitation extended to the EU on 9 December last to become a Member of the newly established Regional Fisheries Organisation (RFO) for the Western and Central Pacific tuna resources. The inaugural meeting of the Western Central Pacific Fisheries Commission (WCPFC) was held in Pohnpei, Federated States of Micronesia, on 9-10 December. At this meeting, following a proposal from Forum Fisheries Agency (Pacific Island States), the EU has been invited by consensus to become a Member of this Organisation with the strong support of Australia, China, Chinese Taipei, Cook Islands, Fiji, and other Members. The EU will become a Member from the first days of 2005, after the deposit of the Instrument of Ratification with the Depositary, New Zealand. This accession to the WCPFC means that the EU is now a Member of all five tuna RFOs in the world. The Commission has nominated M. Glenn Hurry (Australia) as its first Chairman and M Michael Lodge as the first Executive Director of the Organisation.
Eurobarometer: marked improvement in perception of the European Union and what it does
Eurobarometer 62, conducted between 2 October and 8 November 2004 shows that the climate of opinion has improved since the spring, even though unemployment remains one of the main preoccupations. The public image of the European Union is more positive and two thirds of people are in favour of the idea of a Constitution for the Union. There is broad consensus on the principle of a common foreign and security policy.

Friday, 10 December 2004
This site provides as much information as possible on the legislative codecision procedure (Article 251 of the EC Treaty) and on the roles played therein by the three institutions (Council, European Parliament and Commission). You will also find detailed information on the legislative acts which are in the process of being adopted (dossiers under consideration) or which have already been adopted (dossiers concluded) under the codecision procedure.