European Western Balkans Joint Fund Financial Update Western - - PowerPoint PPT Presentation

European Western Balkans Joint Fund

Financial Update

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Lead Financial Institutions: Lead Financial Institutions: Lead Financial Institutions: Lead Financial Institutions:

• EBRD

EBRD EBRD EBRD

• EIB

EIB EIB EIB

• CEB

CEB CEB CEB

• KfW

KfW KfW KfW

• World Bank (studies only)

World Bank (studies only) World Bank (studies only) World Bank (studies only)

Western Balkans Investment Western Balkans Investment Western Balkans Investment Western Balkans Investment Framework Framework Framework Framework

Each allocated EUR 10 million Each allocated EUR 10 million Each allocated EUR 10 million Each allocated EUR 10 million

Joint Lending Facility Joint Lending Facility Joint Lending Facility Joint Lending Facility Joint Grant Facility Joint Grant Facility Joint Grant Facility Joint Grant Facility

European European European European Western Balkans Western Balkans Western Balkans Western Balkans Joint Fund Joint Fund Joint Fund Joint Fund CEB ,EBRD, EIB CEB ,EBRD, EIB CEB ,EBRD, EIB CEB ,EBRD, EIB Infrastructure Infrastructure Infrastructure Infrastructure Project Facility Project Facility Project Facility Project Facility

LFI lending LFI lending LFI lending LFI lending

Rules of Procedure of the WBIF Rules of Procedure of the WBIF Rules of Procedure of the WBIF Rules of Procedure of the WBIF

Informal Arrangement Informal Arrangement Informal Arrangement Informal Arrangement

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 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 Governed by General Conditions Governed by General Conditions Governed by General Conditions Governed by General Conditions Framework Consultancy Contracts Framework Consultancy Contracts Framework Consultancy Contracts Framework Consultancy Contracts 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) Currently managed by EIB (IPF4,5,…) Currently managed by EIB (IPF4,5,…) Currently managed by EIB (IPF4,5,…) Currently managed by EIB (IPF4,5,…)

Decision Decision Decision Decision-

• making: Project Financiers’ Group & Steering

making: Project Financiers’ Group & Steering 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

DG NEAR DG NEAR DG NEAR DG NEAR 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 as: EDIF & REEP as: EDIF & REEP as: EDIF & REEP as: EDIF & REEP

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EBRD Donors to the EBRD Donors to the EBRD Donors to the EBRD Donors to the Western Balkans Fund Western Balkans Fund Western Balkans Fund Western Balkans Fund

Austria Austria Austria Austria Canada Canada Canada Canada Czech Republic Czech Republic Czech Republic Czech Republic Denmark Denmark Denmark Denmark Finland Finland Finland Finland Hungary Hungary Hungary Hungary Ireland Ireland Ireland Ireland Luxembourg Luxembourg Luxembourg Luxembourg Netherlands Netherlands Netherlands Netherlands Norway Norway Norway Norway Poland Poland Poland Poland Slovak Republic Slovak Republic Slovak Republic Slovak Republic Slovenia Slovenia Slovenia Slovenia Spain Spain Spain Spain Sweden Sweden Sweden Sweden United Kingdom United Kingdom United Kingdom United Kingdom European Commission European Commission European Commission European Commission Germany Germany Germany Germany Greece Greece Greece Greece Italy Italy Italy Italy European Investment European Investment European Investment European Investment Bank Bank Bank Bank France France France France

EWBJF EWBJF EWBJF EWBJF

Norway Norway Norway Norway 14.83 14.83 14.83 14.83 Austria Austria Austria Austria 10.95 10.95 10.95 10.95 Sweden Sweden Sweden Sweden 10.63 10.63 10.63 10.63 Germany Germany Germany Germany 9.86 9.86 9.86 9.86 United Kingdom United Kingdom United Kingdom United Kingdom 5.27 5.27 5.27 5.27 Italy Italy Italy Italy 3.32 3.32 3.32 3.32 Czech Republic Czech Republic Czech Republic Czech Republic 2 2 2 2 France France France France 1 1 1 1 Slovenia Slovenia Slovenia Slovenia 1 1 1 1 Finland Finland Finland Finland 0.5 0.5 0.5 0.5 Greece Greece Greece Greece 0.5 0.5 0.5 0.5 Hungary Hungary Hungary Hungary 0.25 0.25 0.25 0.25 Transfer Transfer Transfer Transfer from the EBRD Western from the EBRD Western from the EBRD Western from the EBRD Western Balkans Fund Balkans Fund Balkans Fund Balkans Fund 5.17 5.17 5.17 5.17 European Commission European Commission European Commission European Commission 213.24 213.24 213.24 213.24 European Commission European Commission European Commission European Commission (to be (to be (to be (to be signed) signed) signed) signed) 103.49 103.49 103.49 103.49 European European European European Investment Bank Investment Bank Investment Bank Investment Bank 5.19 5.19 5.19 5.19 Total Total Total Total 387.2 387.2 387.2 387.2

EUR million EUR million EUR million EUR million

2009 2009 2009 2009 -

• Creation of European Western Balkans Joint Fund (EWBJF)

Creation of European Western Balkans Joint Fund (EWBJF) Creation of European Western Balkans Joint Fund (EWBJF) Creation of European Western Balkans Joint Fund (EWBJF)

CEB, CEB, CEB, CEB, EBRD EBRD EBRD EBRD – – – – each each each each allocated 10 million to allocated 10 million to allocated 10 million to allocated 10 million to co co co co-

• finance grants

finance grants finance grants finance grants 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, transferred 5 million to EWBJF transferred 5 million to EWBJF transferred 5 million to EWBJF transferred 5 million to EWBJF

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European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund

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 Cancellations Cancellations Reallocation to IPF Reallocation to IPF Reallocation to IPF Reallocation to IPF Reallocation to Reallocation to Reallocation to Reallocation to 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) Round 6 Written NO 23/02/2012 (KfW Vlora 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

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European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund

Lead Financial Institution Lead Financial Institution Lead Financial Institution Lead Financial Institution EUR EUR EUR EUR million million million million (transferred) (transferred) (transferred) (transferred) Net Net Net Net allocations allocations allocations allocations Return Return Return Return upon upon upon upon cancellation cancellation cancellation cancellation Return upon Return upon Return upon Return upon completion completion completion completion Council of Europe Development Bank (CEB) 11.68 11.36 2.02 European Investment Bank (EIB) 28.85 105.14 3.16 0.25 European Bank for Reconstruction and Development (EBRD) 32.10 162.95 0.94 0.21 Kreditanstalt für Wiederaufbau (KfW) 9.66 64.20 0.42 World Bank 8.17 8.92 Total Total Total Total 90.46 90.46 90.46 90.46 352.57 352.57 352.57 352.57 6.12 6.12 6.12 6.12 0.88 0.88 0.88 0.88 D D D Disbursements & Allocations per LFIs for projects (excl. IPF 4), up to Round 16 isbursements & Allocations per LFIs for projects (excl. IPF 4), up to Round 16 isbursements & Allocations per LFIs for projects (excl. IPF 4), up to Round 16 isbursements & Allocations per LFIs for projects (excl. IPF 4), up to Round 16

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European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund European Western Balkans Joint Fund

Total Contributions and pledges to be signed (+) 387.2 387.2 387.2 387.2 Bilateral funds to be received in the following years (-) 0.3 Net Interest, bank charges & management fee (incl. management fees to be signed) (-) 7.3 Fees for IPF 1,2&3 projects (-) 0.1 Transfer for IPF 4 (-) 15.0 Funds Returned to EWBJF upon completion (+) 0.9 Net of total Projects Approved (-) 352.6 Available Available Available Available Fund Fund Fund Fund Balance Balance Balance Balance 12.8 12.8 12.8 12.8

Summary & Available Balance as at 09 June 2017 Summary & Available Balance as at 09 June 2017 Summary & Available Balance as at 09 June 2017 Summary & Available Balance as at 09 June 2017

EUR million EUR million EUR million EUR million