Between 2003 and 2008 the European Investment Bank (EIB) will provide nearly €4 billion in refundable aid to projects in the African, Caribbean and Pacific (ACP) countries. Part of this will be made available through the new Investment Facility, provided for under the Cotonou Agreement.
The Facility was officially launched on 2 June by Presidents Mwai Kibaki (Kenya) and Abdoulaye Wade (Senegal) and EIB President Philippe Maystadt.