Funding mechanism for private investments in ACP countries

COFIDES, together with members of the Association of European Development Finance Institutions (EDFI) and the European Development Bank (EIB), participates since 2004 in European Financing Partners (EFP), vehicle for the co-financing of private sector enterprises in the Africa, the Caribbean and the Pacific regions (ACP).

The most relevant characteristics of the financial support provided are as follows:

• Eligible projects: Private investment projects in ACP countries.
• Types of financial support:
  • Capital holdings
  • Joint venture loans
  • Ordinary medium- and long-term loans. Security to mobilize resources in local currencies.
•  Ceiling: 25 million euros per project with a cap of 75% of the total investment.
• Minimum: 1,000,000 euros.
• Present capital endowment (2011): 230 million euros.
• Access: this line is managed by the European bilateral development finance institutions. The Spanish manager is COFIDES, to whom interested companies should apply.