The Investment Facility (IF), established in 2003 and funded by EU member states, supports commercially viable investments in productive sectors, notably to promote privates sector development in ACP countries. Direct financing, mostly long-term loans, available for larger investment sizes (usually above € 10 million); SME funding with ACP financial intermediaries (development/ commercial banks, venture/ risk capital funds etc.). The range of financial products and non-financial products available under the facility include:
▪ Junior or subordinated loans
▪ Quasi-equity funding
▪ Equity funding
▪ Guarantees
▪ Interest rate subsidies
▪ Technical assistance (up to 15%)