According to the EIB, the project consists of financing of the country's membership capital contribution in the African Trade and Investment Development Insurance (ATIDI)'s equity. Through this operation, the Republic of the Congo will obtain access to ATIDI's guarantee and trade insurance products for private and public sector investments in the country.

The operation will benefit:

(i) local private sector actors, including micro, small and medium-sized enterprises (MSMEs), by providing an extensive set of financing tools for investment and trade;
(ii) foreign investors, by enhancing access to foreign direct investment (FDI) for the country's economy.

In addition, ATIDI can support Public-Private Partnership (PPPs) projects complementing funding from development finance institutions (DFIs) and commercial banks, for example in the energy and transport sectors.

The operation aims at supporting Global Gateway partnership in Congo activities with at least 66% of ATIDI activities in Congo to support public and private investment in the Global Gateway priorities: renewable energies, forestry, transport, digital, climate resilient cities and economic diversification. It will also aim to develop private investments, with at least 50% of guarantees and insurance to the private sector supporting EU companies. The operation is in line with the country's Environmental, Social, and Governance (ESG) strategy and the EU priorities for the Republic of the Congo. Hence, the project contributes to several Sustainable Development Goals (SDGs), such as inclusive economic growth (SDG8), poverty reduction (SDG 1) and climate action (SDG 13).

By bringing a positive impact on climate and environment, the project contributes to climate action and environmental sustainability objectives, in particular to climate mitigation and adaptation, green transition and pollution prevention and control programmes.

As stated on the company's website, ATIDI facilitates inward investment in Africa by providing insurance against trade and investment risks.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

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