Its purpose is to present the evaluation’s findings and conclusions across three pillars: the strategic relevance of blending, its added-value, and its results. It then presents recommendations drawn on this basis.
This document provides guidance and basic information on blending operations managed by the European Commission’s Directorate-General for International Cooperation and Development (DG DEVCO) and Directorate-General for Neighbourhood and Enlargement Negotiations (DG NEAR) in the context of external aid operations. It does not cover the blending facility for the enlargement countries (the Western Balkan Investment Framework), as it has its own guidance document.
LAIF and CIF are part of a series of regional blending facilities whose role is to combine EU development grants with loans and other risk-sharing mechanisms from European and Regional Finance Institutions to finance infrastructure projects in selected sectors, such as transport, energy, social and environmental sectors, as well as to support private-sector growth especially via small and medium-sized enterprises (SMEs).
The LAIF 2016 Operational Report provides an analysis of the seventh full year of operations for LAIF and the fourth full year for CIF, broken down by sector, geographical range and the type of support provided. This report also shows how the two facilities advance EU development objectives in the region and help to mainstream climate action in development policy by supporting efforts in partner countries to adapt to and mitigate the impacts of climate change.
This report covers the third and fourth years of LAIF operations (2013 and 2014). For CIF, it covers the period from its launch in March 2013 until the end of 2014. This report amply illustrates how LAIF and CIF mobilize millions of euro of credits and investment funding in crucial infrastructure projects, which are hard to finance on commercial terms. Inadequate or non-existent infrastructures are a major bottleneck, holding back Latin American and Caribbean countries in their quest to promote economic development and raise living standards.