LAIF, Latin America investment facility, CIF Caribbean Investment Facility
Operational report 2013-2014
This is the annual operational report for the period 2013-2014 of the Latin American Investment Facility (LAIF) and the Caribbean Investment Facility (CIF). Both are part of a series of regional blending facilities benefitting EU partner countries in all parts of the world. Their role is to combine EU development grants with loans and other risk-sharing mechanisms from European and Regional Finance Institutions to finance infrastructure projects in selected sectors such as transport, energy, social and environmental sectors as well as to support private-sector growth especially via small and... medium-sized enterprises (SMEs). LAIF and CIF can speed up the implementation of development projects, mobilise additional sources of funding and raise investment and credit ceilings. In this way, the two facilities can leverage large infrastructure investments in key sectors which may be too big to finance on market terms or by Development Finance Institutions or beneficiary governments on their own. A number of Development Banks and International and Bilateral Finance Institutions participate in the blending facilities to create multiplier effects that are many times greater than the EU’s contribution. LAIF and CIF help to underpin the EU development strategies for their respective regions. LAIF resources come from the EU’s Development Cooperation Instrument (DCI) while CIF is funded from the European Development Fund (EDF).
- Corporate author(s): Directorate-General for International Cooperation and Development (European Commission) Themes: Africa, Caribbean and Pacific, Central and South America, Development policy
- Subject: annual report, Caribbean Islands, development policy, energy grid, environmental protection, financial instrument, international instrument, investment, Latin America, sustainable development, transport infrastructure