Interviews

The People behind the Projects - Interview with Richard Weber - NIF

Blending loans and grants to finance investments for the Neighbourhood

 
The Neighbourhood Investment Facility (NIF) is an innovative financial instrument of the European Neighbourhood Policy (ENP), whose primary objective is to kick-start key infrastructure projects that require considerable financial resources, as well as to support private sector development in the neighbourhood region.

The leverage effect of NIF contributions is high: in 2009, €99.7 million of NIF grants generated a total contribution from European Finance Institutions of approximately €2.5 billion – in other words almost €25 for each euro provided by the NIF – and the total cost of the investments concerned reached over € 5 billion. The projects chosen – from water treatment to hospitals – have a direct impact on the life of the people,” explains Richard Weber, Deputy Director-General of EuropeAid in an interview with the ENPI Info Centre.

 

 

NEWS
Egypt: EU project steps up efforts to introduce resource efficient practices for SMEs in the food sector
A group of 23 staff from 10 selected demonstration companies from the...
Lebanon: EU project promotes active citizenship through coaching & training
The Hariri Foundation for Sustainable Human Development and La Sagesse...
Palestine: EU provides EUR 14 million to East Jerusalem Hospitals
The EU and the Government of Finland have joined forces to provide EUR 14...
FEATURES - Archive
Reducing the injury and death count on the roads
The number of victims on the roads in the Euro-Mediterranean region has...
The jellification of the oceans
Growing numbers of jellyfish are turning up on Mediterranean beaches, which is...
'Fertigation' saves farmers while protecting nature
It's not easy to cope with an increased demand for agricultural products...
PUBLICATIONS - Archive
Southern Mediterranean Investment Coordination Initiative (AMICI): Mapping/stocktaking exercise key findings
This Mapping/stocktaking exercise, completed in the framework of the Southern...
“How to develop a Sustainable Energy Action Plan in South Mediterranean Cities”
The European Commission has published a guidebook on ‘How to develop a...
LINKS