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  page 1 of 10 EUROPEA

page 1 of 10 EUROPEAN UNION Committee of the Regions Factsheet An online course (MOOC) for regional and local authorities Financing a city’s or region’s long-term capital investment programme: EIB framework loans When might a city of region need a framework loan? (...) Framework loans can be used to finance multiple small and me- dium sized projects, usually in the size range EUR 1-50 million, over a period of normally 3-5 years. (...) The total size of the investment programme fi- nanced under a framework loan is usually over EUR 100m, with the EIB framework loan providing up to 50% of the total financing.

Score: 1297374.2 - https://www.undrr.org/media/81233/download

  Financial Products - Offered by the African Development Bank

SYNTHETIC LOCAL CURRENCY LOANS   Synthetic  Local  Currency  Loans  (SLCLs)  represent  part  of  the  Bank’s  response  to  demand  from  clients  for  financing  in  their  own  currency  to  reduce  foreign  exchange  risk.  (...) SYNDICATION OF NON‐SOVEREIGN GUARANTEED LOANS    As part of  its mission  to mobilize  capital  for  productive use in viable projects in Africa, the  Bank offers two  loan syndication structures  ‐  the more  common parallel  co‐financing  loan  structure and the A‐ and B‐loan structure.    (...) Partial Credit Guarantees  PCGs  cover  a  portion  of  scheduled  repayments of private  loans or bonds against  all  risks.  They  could  be  utilized  to  support  mobilization  of  private  funds  for  project  finance,  financial  intermediation  and  policy‐ based finance.   

Score: 1292168.1 - https://www.wto.org/english/tr...udies_e/adb_products_can.e.pdf

  iHEEP workshop on financing the infrastructure projects

iHEEP workshop on financing the infrastructure projects iHEEP workshop on financing the infrastructure projects Bosnia and Herzegovina iHEEP workshop od financing the infrastructure projects, June 30th, 2016 BOSNIA AND HERZEGOVINA ROAD ADMINISTRATION Ministry of Transport and Communications of Bosnia and Herzegovina Ministry of transport and Communications of the Federation of BH Public Enterprize Motorways of FBH Public Enterprize Roads of FBH Ministry of transport and Communications of the RS Public Enterprize Motorways of RS Public Enterprize Roads of RS iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Sources of financing of transport inftrastructure projects • BH budget • Entities’ budgets • International financial instritutions (IFI), i.e: – European Investment Bank (EIB) – European Bank for reconstruction and development (EBRD) – World Bank (WB) – European Central Bank (ECB) – Kuwait Fund for Arab Development (KFAED) – OPEC • IPA funds – West Balkans Investment Framework (WBIF) • PPP – there are plans and regulative framework, but still not in operation iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Sources of financing of transport inftrastructure projects - BH budget • Licences for global system for mobile communications (GSM) – From 2004 to 2011 for preparation of preliminary studies and designs on the the motorway on the Corridor Vc (31 Mil.€), • Licences for Universal Mobile Telecommunications Sytem (UMTS) • From 2011 to 2015 for preparation of the main design of the priority sections of the motorway on the Corridor Vc (33 Mil.€). iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Sources of financing of transport inftrastructure projects – Entity budgets • Three main groups of sources of financing of roads on entity level are: – Public revenues, – Loans – Donations and grants iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Sources of financing of transport inftrastructure projects – Entity budgets • Public revenues include following sources: – Vehicles’ registration fee – Fee from retail proces of fuel – Road charges for foreign vehicles, – Tolling of motorways, expressways and other particular roads, – Special fee “Help and information on the road” – Fee for extraordinary transportations, – Fee for excessive use of roads due to load and frequency of use, – Fee for road land use – Other fees. iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Minimum set excize duties on fuel in BH compared with the EU Source: Study on road finanancing of FBH, 2014 iHEEP workshop od financing the infrastructure projects, June 30th, 2016 • Available funds are insufficient for needed investment into improvement of the network, apart from construction of motorways. • For trunk and regonal roads most of interventions is related to maintenance activities. • Between 2007 and 2011 Road rehabilitation program was implemented in both entities, total amount of ca 200Mil.€ is used for road surface improvement, not including any intervantions requiring land acquisition. iHEEP workshop od financing the infrastructure projects, June 30th, 2016 • Road rehabilitation program was financed by loan from three major international financial institutions: WB, EIB and EBRD. • Condition of road surface is signifficantly improved, but some important issues, requiring land acquisition, remain. • That is the reason why road authorities have designed some new programes, like following one: FBH TRUNK ROADS MODERNIZATION PROGRAM. iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Modernization program includes following groups of projects: • construction of bypasses, • reconstruction of alignment, • construction of slow (crowling) lanes, • reconstruction of road structures (bridges and tunnels), • reconstruction of black spots and • repair of remaining flood damages on roads in FBH. iHEEP workshop od financing the infrastructure projects, June 30th, 2016 FBH TRUNK ROADS MODERNIZATION PROGRAM 2016-2020 • Current stage of preparation of the program is as follows: – Loan contract between BH and EIB signed in February 2016, – Negotiations with EBRD are finalized in May 2016, signing of the loan contract is expected in July 2016, – In May 2016 negotiations with the WB took place in Sarajevo, loan contract agreement expected in September 2016. iHEEP workshop od financing the infrastructure projects, June 30th, 2016 PLAN OF REALIZATION OF WORKS PER TYPE OF WORKS Izgradnja ceste 60.17% Trake za spora vozila 6.37% Rekonstrukcija ceste 3.23% Tuneli 3.73% Mostovi 2.39% Crne tačke 0.94% Izgradnja obilaznica 13.85% Poplave 4.35% Konsultanttske usluge 4.98% Izgradnja ceste Trake za spora vozila Rekonstrukcija ceste Tuneli Mostovi Crne tačke Izgradnja obilaznica Poplave Konsultanttske usluge iHEEP workshop od financing the infrastructure projects, June 30th, 2016 iHEEP workshop od financing the infrastructure projects, June 30th, 2016 Procedure for loan/financing agreement, example from Road rehabilitation program 2007-2011 • Five different contracts (one loan agreement with EBRD): – Loan agreement beween Ministry of treasury and finance of BH and EBRD, – Supporting contract between FBH and EBRD, – Subsidiary loan agreement between BH and FBH, – Loan sub-contract between FBH and implementator PE Roads of FBH, – Loan contract between EBRD and PE Roads of FBH, implementing body and beneficiary. iHEEP workshop od financing the infrastructure projects, June 30th, 2016 • Results of several studies regarding road financing show that available funds are not sufficient for road mainenance and furter development of the network. • On the other hand, available funds from IPA can’t be used, since transport strategy on state level is not yet adopted. It is expected to be finalized in June 2016, before the Western Balkans Conference in Paris (4.7.2016), which is expected to introduce needed additional funds from sources currently not available. iHEEP workshop od financing the infrastructure projects, June 30th, 2016

Score: 1277642.4 - https://unece.org/DAM/trans/do...2016/TEM/Bosna_Herzegovina.pdf

  PowerPoint Presentation

PowerPoint Presentation 11 Transport infrastructure financing byTransport infrastructure financing by the European Investment Bankthe European Investment Bank Axel Axel HHöörhagerrhager Senior EconomistSenior Economist UN ECE Workshop on Transport Infrastructure Development in the context of Euro-Asian Transport Links Geneva, 14 September 2007 22 SummarySummary • About the European Investment Bank (EIB) • Transport Infrastructure Financing • Lending criteria and appraisal • Instruments for assistance in the project cycle 33 The EuropeanThe European Investment BankInvestment Bank EIB (1)EIB (1) • Long term lending institution of the EU • A European Community institution founded as part of the Treaty of Rome • Shareholders are member states of the EU • Objectives: - to further EU economic integration - to promote policies of common interest 44 The EuropeanThe European Investment BankInvestment Bank EIB (2)EIB (2) • Follows sound banking principles • Projects should be economically sound • Borrowers should be able to reimburse loans • First class guarantees are required 55 The EuropeanThe European Investment BankInvestment Bank EIB (3)EIB (3) • Governors of Bank are Finance Ministers of EU • Board of Directors make decisions • Management Committee manages the Bank • Headquarters in Luxembourg • Banking department prepares loans • Technical department provides advice • Some 120 engineers and economists 66 The EuropeanThe European Investment BankInvestment Bank EIB (4)EIB (4) • Annual EIB loan volume some 45 billion EUR • Some 90% in EU, 10% outside EU • Inside EU, no ceilings or quotas • Outside EU, Bank operates in the context of Mandates conferred by European Council with budget guarantees • Volume 2007-2013 of 27.8 billion EUR, of which - Eastern Europe, Caucasus and Russia 3.7 bn EUR - Asia 1 bn EUR 77 The EuropeanThe European Investment BankInvestment Bank EIB (5) EIB (5) –– Mandates outside EUMandates outside EU Pre- Accession countries Mediterranea n countries EE,Caucasus, Russia Asia Latin America RSA 88 Transport Infrastructure Financing Transport Infrastructure Financing by EIB (1)by EIB (1) • Prime objective: Trans-European Networks • All modes, environmental compatibility emphasized • Neighbouring states: connections to EU • Political framework: various EU initiatives • Example: Palacio High Level Group on transport links with EU Neighbours 99 Transport Infrastructure Financing Transport Infrastructure Financing by EIB (2)by EIB (2) • TENS: in 2006, some 7.3 bn EUR, of which roads 43%, rail 38% and others 19% • Example: Poland 300 mn EUR loan towards construction and repair of TEN motorways • Example: Slovakia 50 mn EUR loan towards D1 motorway section Bratislava-Zilina • Example: Austria 140 mn EUR loan towards railhub development on East-West corridor 1010 Transport Infrastructure Financing Transport Infrastructure Financing by EIB (3)by EIB (3) • Pre-accession and neighbourhood states: in 2002-07 some 6.3 bn EUR for transport infrastructure • Main areas: Turkey, Balkan countries • Recent inclusion of eastern neighbours • Example: Ukraine 200 mn EUR loan towards rehabilitation of motorway Kiev-Brody (along Pan-European Corridor III) • Example: China 500 mn EUR loan towards expansion of Beijing International Airport 1111 LendingLending criteria and appraisal (1)criteria and appraisal (1) The project cycleThe project cycle Appraisal and preparation of credit decision Loan negotiations and approvals Bank/National authorities Project selection and proposal 1212 LendingLending criteria and appraisal (2)criteria and appraisal (2) • Technical feasibility – optimal technical solutions • Economic feasibility – project must pass a Cost-Benefit Analysis • Environmental feasibility – project must successfully undergo environmental assessment (EIA, SEA) • Financial feasibility – project must be financially viabl or have assured support 1313 LendingLending criteria (3)criteria (3) some possible implementation modelssome possible implementation models • Classical public debt financing – sometimes cheapest ! • Structured financing – complex and requires appropriate frameworks • Public private partnerships – useful, but no panacea example under discussion: St. Petersburg Ring Road • Commercial financing - services 1414 Instruments for assistance (1)Instruments for assistance (1) FinancialFinancial • Some projects require grants as well as loans • Loans – maturities should be appropriate to nature of assets • Grants sometimes required to provide basic infrastructure and provide the basis for commercial development 1515 Instruments for assistance (2)Instruments for assistance (2) Technical Technical • Project identification and development • Feasibility studies • Design • Supervision • Project Management 1616 Instruments for assistance (3)Instruments for assistance (3) Sources and mechanismsSources and mechanisms • Multilateral – EU, World Bank • Bilateral – but NB conditions • Issues of donor coordination • Existing cooperation mechanisms, e.g.

Score: 1276513.7 - https://unece.org/DAM/trans/do...2007/wp5/Presentations/EIB.pdf

  Microsoft PowerPoint - Payen_UN_Nairobi_Localfinance_2006-12-07

Microsoft PowerPoint - Payen_UN_Nairobi_Localfinance_2006-12-07 1 Water & sanitation services Enhancing Access to finance for Local Governments / Operators UNDESA – UN-Habitat Nairobi December 7, 2006 Gérard PAYEN Member of the “Gurria Task Force” on Financing Water for All Member of the UNSG’s Advisory Board on Water & Sanitation President of AquaFed Enhancing access to finance for local governments / operators n Financing water: the global viewpoint Main financing flows Loans: from supply to demand Key recommendations for action A major political move 2 International water community Water challenges at the global level Local water authority Local water operator Country government National governments – United Nations – Development banks Financing Water & local governments 3 high-level reports on water “Camdessus” report March 2003 “Gurria” report March 2006 UNSG’s Advisory Board report March 2006 A recent UN report on water Human Development Report November 2006 Access to finance for local governments 3 Analysis of the situation Camdessus: all financing flows to double ! No material change in financing flows since Kyoto WWF3. (HDR2006 insists) Water management is a local issue Multilaterals have moved towards the “subsovereigns” but request “creditworthiness” Enhancing access to finance for local governments / operators n Financing water: the global viewpoint Main financing flows Loans: from supply to demand Key recommendations for action A major political move 4 Increasing financing flows ? (...) Enhancing access to finance for local governments / operators n Financing water: the global viewpoint Main financing flows Loans: from supply to demand Key recommendations for action A major political move 9 Key financial recommendations Central governments to have Water Action Plans Local governments to have Water Action Plans Develop Sustainable Cost-Recovery policies Central governments to facilitate access to finance for local governments Develop local financial markets Long-term maturities with affordable interest rates Develop pooling mechanisms To improve access to finance by local governments / operators C,G,U,H G C,G,U,H C,G,U G,U C,G,U,H C,G,U,H C = Camdessus G = Gurria U = UNSGAB H = HDR2006 Enhancing access to finance for local governments / operators n Financing water: the global viewpoint Main financing flows Loans: from supply to demand Key recommendations for action A major political move 10 A new voice in the international community DECLARATION ON WATER BY MAYORS AND LOCAL ELECTED REPRESENTATIVES At the Fourth World Water Forum, Mexico, 21 March 2006 We, mayors and local elected representatives, call on national governments, regional and international organisations and the United Nations to: 4.3.

Score: 1275062 - https://www.un.org/esa/sustdev...africa/presentations/payen.pdf

  1 AUGUST 2015 Briefi

However, IPPF is concerned about the emphasis to increase domestic financing through the GFF Trust Fund, which explicitly links grant to loan funding. (...) IPPF is concerned about the negative implications of linking grant and loan funding for sustainable financing for SRHR. (...) As grants will be linked to loan financing, this could create future of cycles of indebtedness for governments already struggling to finance core sectors such as health.

Score: 1274507.8 - https://www.who.int/pmnch/medi...2015/cso_ippf_gff_briefing.pdf

  Loans to women = smart economics | Africa Renewal

Loans to women = smart economics | Africa Renewal Skip to main content   Welcome to the United Nations Toggle navigation Language: English Français Africa Renewal Africa Renewal Toggle navigation e-Magazine Stories Topics Climate Change Culture and Education Economic Development Gender Health Human Rights Peace and Security Sustainable Development Goals Youth - Sports Book Review Digital Digital Refugees & Migrants Sports UN Affairs Podcast Search form Search Campaign Loans to women = smart economics Get monthly e-newsletter Financing For Development Loans to women = smart economics Women find innovative ways of financing projects From Africa Renewal:  August 2015 By:  Zipporah Musau Photo: DPPS A table banking session in Samburu, Kenya. (...) Topics:  loans sustainable development financing for development Also in this issue Cover Story Funding the planet’s future Also Ethiopia’s development is mostly people-driven Financing For Development For development finance, there is no one-size-fits-all solution Also African statistics have come of age Also Using trade to boost Africa’s industrialization Also The changing face of Ethiopia Financing For Development Can Africa fund its own growth? Financing For Development Borrowing responsibly: Africa’s debt challenge Financing For Development Billions now required to save depleted healthcare systems Financing For Development New bond issue set to help Africa go ‘green’ Financing For Development Loans to women = smart economics Financing For Development Think beyond microfinance when talking about businesswomen Financing For Development Microfinance: Good for the poor?

Score: 1273008.8 - https://www.un.org/africarenew...15/loans-women-smart-economics

  International Teleco

Credit lines: The EBRD provides direct medium- to long-term funding in the form of credit lines to selected financial intermediaries to finance the loan demand. In some cases, the EBRD will provide similar long-term funding to governments, which then channel these loans through commercial or investment banks for financing private sector SMEs. (...) Covenants: Typical project finance covenants are required as part of the loan package. (...) In the cast of scientific research the financing is partial. Interventions by the EIB take the form of loans on preferential terms and, in some cases, subsidized loans. 5 Application process Support for telecommunications is not separate from economic cooperation or development aid.

Score: 1272789.1 - https://www.itu.int/itudoc/itu-d/wtdc/wtdc98/docs/49_ww7.doc

  MSMEs need accessible financing tools to become more competitive | United Nations Development Progra

And of the first MSME loans, financed through Fagura, were given to women-led companies. (...) Taking into account the global trend of promoting eco-friendly businesses, eco-products and those made from recyclable materials, we proposed that on the Fagura platform we would like to support these initiatives, so to accelerate development. What financing opportunities do Moldovan SMEs have? Andrei: Bank loans are the main source of financing, followed by those offered by the non-bank micro-financing organizations (micro-lending companies, leasing companies, savings and loan associations etc.). (...) Inga: Currently, the maximum amount of financing offered by Fagura is €5000. Thus, we tend for the first 50 loans to be offered, mostly, to startups and micro companies.

Score: 1270153.6 - https://www.undp.org/moldova/n...-tools-become-more-competitive

  Microsoft PowerPoint - 2. Roche USAID DCA

Roche USAID DCA 1 Unlocking Credit to Spur Energy Investments: The Development Credit Authority Ed Roche Office of Development Credit US Agency for International Development Commission for Sustainable Development 15 May 1, 2007 2 Domestic Credit Provided by the Banking Sector (as a percentage of GDP) 161% 79% 48% High-income Middle-income Low-Income Importance of Credit 2 3 Impact of Credit Guarantees Risk Perception Collateral Requirements Longer-term Financing Importance of Credit 4 • True private sector risk-sharing • Leverages local capital and financial resources • 50% guarantees reduce Moral Hazard • Sustainability Development Credit Authority (DCA) Guiding Principles 3 5 • Additionality; Guarantor of Last Resort • Demonstration Effect • DCA most effective when linked to TA or Policy Reform Guiding Principles Development Credit Authority (DCA) 6 DCA Guarantees Worldwide The DCA portfolio of 158 guarantees spans 46 countries. (...) Africa (Reg.) 1 Asia & Near East (10) Bangladesh 1 Egypt 2 India 4 Indonesia 1 Jordan 2 Morocco 11 Philippines 2 Sri Lanka 1 Vietnam 3 West Bank/Gaza 1 Europe & Eurasia (14) Albania 1 Armenia 3 Bosnia 4 Bulgaria 6 Croatia 2 Georgia 4 Kazakhstan 2 Kosovo 1 Kyrgyzstan 1 Moldova 7 Romania 1 Russia 3 Serbia 1 Ukraine 3 Latin AmericaLatin America & Caribbean (12)& Caribbean (12) Ecuador 3 El Salvador 2 Grenada 1 Guatemala 5 Haiti 2 Honduras 6 Jamaica 3 Mexico 2 Nicaragua 5 Panama 1 Peru 8 Regional 2 Portfolio 4 7 DCA Guarantees by Sector $188Agriculture $292SME $1,112TOTAL $6Education $6Health $27Environment $58Energy $70Water $105Infrastructure $151Housing $210Microfinance FY2006 (in $ M)Sector 1% 0% 2% 5% 6% 9% 14% 17% 19% 27% Portfolio 8 Energy infrastructure financed in a variety of ways… • Traditional – Grants – Loans – Bonds • Less Traditional – Microfinance Financing energy effectively and efficiently requires using all of these methods and more 5 9 Examples of credit support USAID Loan Portfolio Guarantee ESCO/ End User ESCO/ End User ESCO/ End User Identified Lender Increasing Access to Finance – Energy Efficiency 10 Examples of credit support USAID Loan Portfolio Guarantee Energy SME Community/ End User Operating contract/ Concessionaire Identified Lender Increasing Access to Finance – Energy Access 6 11 Bond Investors Funds USAID Bond Guarantee Bonds Utility Projects Bond Issuance – System Expansion & Upgrading Examples of credit support 12 Special Purpose Vehicle (The Special Purpose Vehicle pools government grants and private funds to on-lend to a group of low to high creditworthy utilities) Government/ DonorLender Grant or other supportFunds USAID Guarantee Debt Service LoanLoan Loan Utility Utility Utility Pooled Loan Facility Examples of credit support 7 13 Microfinancing Household Connections Examples of credit support Households without electricity Connection Loan for Connection Repayment of loan once connected and receiving electricity Installs Household Connection USAID Loan Guarantee Lender Repayment Loan Electric Utility (1st identifies potential households) Microfinance Institution 14 Concessionaire Examples of credit support LoanUSAID Loan (Portable) Guarantee Repayment Operator/Green IPP (Un) Identified Lender 8 15 • Private financing is the final hurdle – Critical precursor: Reliable revenue flow – Utilities must improve management, governance and political support for tariffs • Financing must allocate risks efficiently – Grants and soft loans are not ends but means • Financing should be considered for all energy markets, not only utilities Conclusion

Score: 1269957.9 - https://www.un.org/esa/sustdev/csd/csd15/lc/usaid_dca.pdf