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    Economic Resilience Initiative Fund

    About

    The Economic Resilience Initiative Fund (ERI) Fund aims to support resilient and inclusive growth in Europe’s Southern Neighbourhood and the Western Balkans. Donor contributions help unlock investments that can create new opportunities in the regions, especially for vulnerable groups, including young people and women. The ERI Fund presents an opportunity for Donors, in particular EU Member States, to leverage the full range of instruments, networks and expertise at the EIB’s disposal to maximise the development impact of our collective finance in the affected regions and to work towards achieving the UN Sustainable Development Goals. The ERI Fund was established under the EIB-managed Partnerships Platform for Funds.

    At a glance

    ERI Fund contributors are making a difference to projects in the EU's Southern Neighbourhood and the Western Balkans.

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    Our donors

    Pledges to the ERI Fund have been made by 8 EU Member States:

    Expected impact

    Over 70 000 jobs sustained and over 30 000 loans made in favour of micro and small businesses

    Better sanitation services for 740 000 people and safe drinking water for 465 000 people

    65,000 people benefitting from improved urban infrastructure and services

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    Sustainable Development Goals

    Donor-financed operations through our trust funds make a direct contribution to several of the UN’s Sustainable Development Goals (SDGs). Our collective actions unlock billions of euros in investment to combat climate change, eradicate poverty and fight inequality. These are some of the global goals targeted by our trust fund.

    Economic Resilience Initiative

    The Economic Resilience Initiative was requested by the 28 EU Member States in 2016 as part of the joined-up response by the EU to the challenges posed by forced displacement and migration resulting from the war in Syria.

    ERI’s ambition is to support public and private investment with high social and economic returns in order to help tackle the numerous challenges in Europe’s Southern Neighbourhood and the Western Balkans. ERI focuses on long-term, sustainable solutions that are crucial for stable development in countries that are prone to shocks.

    Donor contributions are key to reaching the ERI objectives.

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    Donor-funded instrument

    ERI Fund donor contributions provide additional support to ERI operations in the form of investment grants or through financial instruments. These are used to provide concessional financing to facilitate investment in vital infrastructure and support higher risk or lower financial return investments with the potential to achieve enhanced social and economic impact.

    Geographical scope

    Countries eligible for ERI Fund funding:

    Algeria, Egypt, Jordan, Lebanon, Libya*, Morocco, Palestine**, Syria* and Tunisia

    Albania, Bosnia and Herzegovina, Kosovo***, Montenegro, North Macedonia and Serbia

    Montenegro
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    * The EIB will start operating in Libya once it has signed a Framework Agreement with the country. Following EU sanctions in November 2011, the EIB suspended all loan disbursements and technical advisory contracts for projects in Syria.

    ** This designation shall not be construed as recognition of a State of Palestine and is without prejudice to the individual positions of the Member States on this issue.

    *** This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence. Hereafter referred to as Kosovo.

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