Aim of the Project
The aim of this investment is to bundle the investments of the EU and their member states in the Neighbourhood Investment Facility and to use these to promote a supplementary loan. Due to the investment of the Republic of Austria in NIF and its thus resulting membership, a closer cooperation with other development banks, the EIB and EBRD is assured.
Finance Institutions Group
The structure of NIF also allows the Republic of Austria to be represented in the so-called “Finance Institutions Group”, to thus be directly involved in the development of projects and their financing whose aim it is to strengthen local markets in developing countries.
Project Status
After the completion of the EU’s admission procedure, the contract was signed on 26 January 2009.