European Western Balkans Joint Fund Financial Update
Western Balkans Investment Western Balkans Investment Framework Western Balkans Investment Western Balkans Investment Framework Framework Framework Rules of Procedure of the WBIF Rules of Procedure of the WBIF Rules of Procedure of the WBIF Rules of Procedure of the WBIF Joint Grant Facility Joint Grant Facility Joint Grant Facility Joint Grant Facility Joint Lending Facility Joint Lending Facility Joint Lending Facility Joint Lending Facility Informal Arrangement Informal Arrangement Informal Arrangement Informal Arrangement Decision Decision- -making: Project Financiers’ Group & Steering making: Project Financiers’ Group & Steering Decision Decision - - making: Project Financiers’ Group & Steering making: Project Financiers’ Group & Steering Committee Committee Committee Committee Decision Decision Decision Decision- -making: respective Lead Financial Institution - - making: respective Lead Financial Institution making: respective Lead Financial Institution making: respective Lead Financial Institution procedures procedures procedures procedures Each allocated EUR 10 million Each allocated EUR 10 million Each allocated EUR 10 million Each allocated EUR 10 million CEB ,EBRD, EIB CEB ,EBRD, EIB CEB ,EBRD, EIB CEB ,EBRD, EIB LFI lending LFI lending LFI lending LFI lending Originated from EBRD’s Western Balkan Fund Originated from EBRD’s Western Balkan Fund Originated from EBRD’s Western Balkan Fund Originated from EBRD’s Western Balkan Fund European European European European Currently, EWBJF is co Currently, EWBJF is co- Currently, EWBJF is co Currently, EWBJF is co -managed by EBRD & EIB - - managed by EBRD & EIB managed by EBRD & EIB managed by EBRD & EIB Western Balkans Western Balkans Western Balkans Western Balkans Governed by General Conditions Governed by General Conditions Governed by General Conditions Governed by General Conditions Joint Fund Joint Fund Joint Fund Joint Fund Lead Financial Institutions: Lead Financial Institutions: Lead Financial Institutions: Lead Financial Institutions: • EBRD EBRD EBRD EBRD • EIB EIB EIB EIB Framework Consultancy Contracts Framework Consultancy Contracts Framework Consultancy Contracts Framework Consultancy Contracts Infrastructure Infrastructure Infrastructure Infrastructure • CEB CEB CEB CEB Originally managed by European Commission (IPF1,2&3) Originally managed by European Commission (IPF1,2&3) Originally managed by European Commission (IPF1,2&3) Originally managed by European Commission (IPF1,2&3) Project Facility Project Facility Project Facility Project Facility • KfW KfW KfW KfW Currently managed by EIB (IPF4,5,…) Currently managed by EIB (IPF4,5,…) Currently managed by EIB (IPF4,5,…) Currently managed by EIB (IPF4,5,…) • World Bank (studies only) World Bank (studies only) World Bank (studies only) World Bank (studies only) Bilateral funding for sector development initiatives such Bilateral funding for sector development initiatives such Bilateral funding for sector development initiatives such Bilateral funding for sector development initiatives such DG NEAR DG NEAR DG NEAR DG NEAR as: EDIF & REEP as: EDIF & REEP as: EDIF & REEP as: EDIF & REEP 2
2009 2009 - - Creation of European Western Balkans Joint Fund (EWBJF) Creation of European Western Balkans Joint Fund (EWBJF) 2009 2009 - - Creation of European Western Balkans Joint Fund (EWBJF) Creation of European Western Balkans Joint Fund (EWBJF) EWBJF EWBJF EWBJF EWBJF EBRD Donors to the EBRD Donors to the EBRD Donors to the EBRD Donors to the EUR million EUR million EUR million EUR million Western Balkans Fund Western Balkans Fund Western Balkans Fund Western Balkans Fund Norway Norway Norway Norway 14.83 14.83 14.83 14.83 Austria Austria Austria Austria 10.95 10.95 10.95 10.95 Austria Austria Austria Austria Sweden Sweden Sweden Sweden 10.63 10.63 10.63 10.63 Canada Canada Canada Canada Germany Germany Germany Germany 9.86 9.86 9.86 9.86 Czech Republic Czech Republic Czech Republic Czech Republic United Kingdom United Kingdom United Kingdom United Kingdom 5.27 5.27 5.27 5.27 Denmark Denmark Denmark Denmark European Commission European Commission European Commission European Commission Italy Italy Italy Italy 3.32 3.32 Finland Finland Finland Finland 3.32 3.32 Germany Germany Germany Germany Hungary Hungary Hungary Hungary Czech Republic Czech Republic Czech Republic Czech Republic 2 2 2 2 Greece Greece Greece Greece Ireland Ireland Ireland Ireland France France France France 1 1 1 1 Italy Italy Italy Italy Luxembourg Luxembourg Luxembourg Luxembourg Slovenia Slovenia Slovenia Slovenia 1 1 1 1 European Investment European Investment Bank Bank European Investment European Investment Bank Bank Netherlands Netherlands Netherlands Netherlands Finland Finland Finland Finland 0.5 0.5 0.5 0.5 France France France France Norway Norway Norway Norway Greece Greece Greece Greece 0.5 0.5 0.5 0.5 Poland Poland Poland Poland Hungary Hungary Hungary Hungary 0.25 0.25 0.25 0.25 Slovak Republic Slovak Republic Slovak Republic Slovak Republic Slovenia Slovenia Slovenia Slovenia Transfer Transfer Transfer Transfer from the EBRD Western from the EBRD Western from the EBRD Western from the EBRD Western 5.17 5.17 5.17 5.17 Balkans Fund Balkans Fund Balkans Fund Balkans Fund Spain Spain Spain Spain CEB, CEB, EBRD CEB, CEB, EBRD EBRD EBRD – – – – each each each allocated 10 million to each allocated 10 million to allocated 10 million to allocated 10 million to Sweden Sweden Sweden Sweden European Commission European Commission European Commission European Commission 213.24 213.24 213.24 213.24 co- co co co -finance grants - - finance grants finance grants finance grants United Kingdom United Kingdom United Kingdom United Kingdom European Commission European Commission (to be (to be European Commission European Commission (to be (to be EIB EIB EIB EIB – – – – 5 million to co 5 million to co 5 million to co- 5 million to co - -finance grants, - finance grants, finance grants, finance grants, 103.49 103.49 103.49 103.49 signed) signed) signed) signed) transferred 5 million to EWBJF transferred 5 million to EWBJF transferred 5 million to EWBJF transferred 5 million to EWBJF European Investment Bank European Investment Bank European European Investment Bank Investment Bank 5.19 5.19 5.19 5.19 Total Total Total Total 387.2 387.2 387.2 387.2 3
European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund Reallocation to Reallocation to Reallocation to Reallocation to Project Approvals by the Steering Committee Project Approvals by the Steering Committee Project Approvals by the Steering Committee Project Approvals by the Steering Committee EUR amount EUR amount EUR amount EUR amount Cancellations Cancellations Reallocation to IPF Cancellations Cancellations Reallocation to IPF Reallocation to IPF Reallocation to IPF EWBJF EWBJF EWBJF EWBJF Round 1 SC1 - 08/12/2009 5,145,000 Round 2 SC2 - 25/06/2010 4,790,000 Round 3 SC3 - 16/12/2010 1,000,000 Round 4 SC4 - 23/06/2011 5,457,000 Round 5 SC5 - 07/12/2011 15,640,000 (600,000) Written NO 23/02/2012 (KfW Vlora Round 6 Landfill) 1,000,000 Round 7 SC6 - 14/06/2012 19,925,000 (1,040,000) Round 8 SC7 - 06/12/2012 4,825,000 Round 9 SC8 - 13/06/2013 (excl.IPF4) 12,465,000 (3,147,850) (800,000) Round 10 SC 9 - 04/12/2013 (incl. ENEF) 5,150,000 (920,000) Round 11 SC 10 - 06/06/2014 5,500,000 (3,100,000) (500,000) Round 12 SC 11 - 09/12/2014 2,000,000 (2,100,000) 1,430,000 Round 13 SC 12 - 17/06/2015 3,650,000 (1,500,000) Round 14 SC 13 - 16/12/2015 2,800,000 Round 15 SC14 – 16/06/2016 5,945,843 (3,270,192) Round 0 – IG SC14 – 16/06/2016 144,900,000 Round 16 SC15 – 15/12/2016 29,400,000 Round 1 – IG SC15 – 15/12/2016 98,527,700 368,120,543 368,120,543 368,120,543 368,120,543 (15,078,042) ( ( ( 15,078,042) 15,078,042) 15,078,042) (1,900,000) (1,900,000) (1,900,000) (1,900,000) 1,430,000 1,430,000 1,430,000 1,430,000 Net allocation Net allocation – Net allocation Net allocation – 352,572,501 – – 352,572,501 352,572,501 352,572,501 4
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