El papel que juega el Banco Europeo de Inversiones en el desarrollo

This 2003 fact sheet by Friends of the Earth International examines the role of the European Investment Bank (EIB) in providing development loans, particularly to Africa, Caribbean, and Pacific (ACP) countries. It argues that while the EIB is a central financial institution for the EU's relations with developing nations, it lacks a formal development strategy and fails to integrate sustainable development or poverty eradication goals into its project evaluations, which remain focused on economic and technical criteria.

• The EIB's lending portfolio in Africa, Caribbean, and Pacific (ACP) countries grew from 491 million Euros in 1999 to 520 million Euros in 2001, with loans present in most of the 78 ACP countries. Projections indicated that loans to ACP and other developing nations would increase by 4.9% annually until 2010, focusing on sectors such as energy, agriculture, water, transport, and construction.
• On June 2, 2003, the EIB established the Cotonou Agreement Investment Facility to channel funds to the private sector, specifically small and medium-sized enterprises. Between 2003 and 2008, 2.2 billion Euros were expected to be disbursed through this facility via EU member state funding, supplemented by 1.7 billion euros from the EIB's own resources for ACP countries.
• To manage new business from the Cotonou Agreement Investment Facility, the EIB announced the opening of three regional offices in Dakar, Nairobi, and Pretoria, while considering further offices in the Caribbean and Pacific.
• Unlike the World Bank, the EIB does not provide structural adjustment loans and its loans are not officially tied to conditions affecting government policy. However, it does co-finance projects with other development banks, such as the Chad-Cameroon pipeline.
• Despite the Cotonou Agreement's goals of poverty eradication and sustainable development, the EIB evaluates projects based on economic, financial, and technical terms rather than sustainable development. The bank lacks its own development strategy and clear, transparent performance indicators to measure its effectiveness in meeting EU development policy goals.
• The EIB's information policy is described as deficient; between 1989 and 1999, the bank engaged in approximately 300 venture capital operations in ACP countries, but the evaluation report for that period mentioned only four countries and 31 projects (17% of operations).
• In February 2003, the EIB attended a G-7 Finance Ministers meeting as an observer, where the 'Rome Declaration on Harmonization' was issued. This declaration commits Multilateral Development Banks to harmonize operational policies with associated countries' systems to increase development assistance effectiveness and meet Millennium Development Goals (MDGs).

APA

Friends of the Earth International (2003). El papel que juega el Banco Europeo de Inversiones en el desarrollo. https://www.foei.org/wp-content/uploads/2020/12/EIB-_fact-sheet_5SPabril.pdf

Chicago

Friends of the Earth International. El papel que juega el Banco Europeo de Inversiones en el desarrollo. 2003. https://www.foei.org/wp-content/uploads/2020/12/EIB-_fact-sheet_5SPabril.pdf.

Wikipedia

{{cite report |author=Friends of the Earth International |title=El papel que juega el Banco Europeo de Inversiones en el desarrollo |date=2003 |url=https://www.foei.org/wp-content/uploads/2020/12/EIB-_fact-sheet_5SPabril.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{friendsoftheearthinternational2003papel, author = {{Friends of the Earth International}}, title = {{El papel que juega el Banco Europeo de Inversiones en el desarrollo}}, institution = {Friends of the Earth International}, year = {2003}, url = {https://www.foei.org/wp-content/uploads/2020/12/EIB-_fact-sheet_5SPabril.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }