Supporting entrepreneurship in Africa, the Caribbean and Pacific
The central focus of the Cotonou agreement, under which the EIB’s lending activities in the ACP regions have been carried out since 2000, is the reduction and eventual eradication of poverty in developing countries through sustained economic growth, private sector development, increased employment and improved access to productive resources. Building up a dynamic and sustainable private sector, especially small and medium-sized enterprises (SMEs), is the most effective means of achieving this aim. In 2011 alone, 20 of the 26 projects signed in the ACP were private sector initiatives. Recent... projects highlight the innovative and diverse ways in which the EIB supports economic development through local entrepreneurship in Africa, the Caribbean and Pacific.
- Corporate author(s): European Investment Bank Themes: Development aid, Economy — Finance, Africa, Caribbean and Pacific
- Subject: ACP countries, business start-up, Cotonou Agreement, economic development, EU financing
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Between 2003 and the end of 2014, the EIB channelled nearly EUR 4.5bn through the ACP Investment Facility (IF) to over 2...
Access to finance remains a genuine challenge to micro and small and medium-sized enterprises across the ACP regions, bu...
The European Investment Bank has over 50 years’ experience supporting EU development policies in Africa, the Caribbean a...