In the context of the Gleneagles Declaration on Africa emerging from the G-8 Summit in 2005 and the EU Council’s adoption of an EU Strategy for Africa, the EU and its African counterparts initiated a Partnership for African Infrastructure.
To support the implementation of the Partnership, the EU-Africa Infrastructure Trust Fund (the Trust Fund) was launched in 2007. It encourages the financing of infrastructure programmes which facilitate interconnectivity and regional integration on the African continent. It aims to support synergies between European development agencies for the benefit of Africa, leveraging additional funds by blending grants from the European Commission and EU Member-States with long-term loan finance made available by eligible Financiers.
At the same time that the Partnership was created, a Steering Committee – represented equally by European and African members- was established with the aim of providing policy and strategic orientation to the activities of the Infrastructure Partnership.
The Trust Fund Executive Committee is the governing body of the Trust Fund.
The Project Financiers Group (PFG) brings together the nominated Project Financiers, i.e. a Development Finance Institution, Bank, Member State Agency or public body with international development project expertise, nominated by each Donor and agreed by the Executive Committee.