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Wednesday, 17 August 2011

2010 Annual Report of the EU-Africa Infrastructure Trust Fund

Between April 2007 and the end of 2010, 32 projects of the EU-Africa Infrastructure Trust Fund (ITF) were approved (EUR208.86m of grants), allowing EUR5.6bn of investments. The French Development Agency (AFD) has led 10 projects (31% of cases). It is involved in half of the projects and has benefited from EUR66m of grants (1/3 of allocations) for a commitment of EUR408m out of a total of EUR1.25bn mobilized by the Project Financiers Group.

The EU-Africa Infrastructure Trust Fund (ITF) was established in 2007 to develop EU investments in regional infrastructure in Africa in partnership with other initiatives, stakeholders and instruments, but always with the aim of ensuring that African partners take ownership. This Fund finances infrastructure projects that have regional structural impacts in the water, power, transport and ICT sectors. The instrument is part of a wider series of initiatives, the EU-Africa Partnership on Infrastructure.

Source: AFD