Austrian participation in the EU-Africa Trust Fund for Infrastructure
In April 2007, the European Commission, the European Investment Bank (EIB) and seven EU Member States signed an agreement to set up the EU-Africa Trust Fund for Infrastructure. As a founder member, Austria has made an initial contribution of US$1.38 million. The Trust Fund is a major pillar of the EU-Africa Strategy as well as the EU-Africa Partnership for Trade, Regional Integration and Infrastructure. Through a combination of subsidies and loans, it finances trans-regional large-scale projects in energy, transport, information technology and water and constitutes a major field of cooperation between Austrian Development Cooperation and the new Austrian Development Bank.
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Austrian participation in the PIDG
The Austrian Development Agency (ADA) provides support to the Private Infrastructure Development Group (PIDG), a coalition of donors mobilising private sector investment to assist developing countries provide infrastructure vital to boosting their economic development and combating poverty. PIDG works in partnership with other donors, local operators and government bodies to deliver critical infrastructure and raise funds for infrastructure development in the poorest countries in the world. In 2007, ADA joined the facility and is contributing more than US$10 million to date.. Austrian support of PIDG has been prolongued for the next 4 years.
For more information: http://www.pidg.org/sitePages.asp?step=4&navID=2&contentID=10