On November 26, representatives of the Ministry of Finance, the Ministry of Planning and Territory, the European Investment Bank (EIB) and the EU Delegation to Timor-Leste met to discuss financing opportunities by the EIB.
The PPIP aims to support the identification, preparation, and implementation of technically, financially, economically, environmentally, and socially sound investment projects in the forestry, solid waste, and water and sanitation sectors.
This workshop was the opportunity for the EIB to present its financing guidelines and strategy in Timor-Leste. As introduced by Mr. Raoul Pedrazzani, EIB project coordinator, the “EIB is committed to finance projects that are sustainable and demonstrate a long-term impact for a better future”. In return, the Ministry of Finance and the Ministry of Planning and Territory presented their constraints for accessing loans and asked multiple questions about the financing mechanisms and conditions.
The workshop was also the opportunity to discuss eligibility criteria of projects identified within the PPI Programme. Mr. Elson Martinho da Costa, National Director of the External Resources Management and Mobilization at the Ministry of Finance, concluded “we do hope that we can have another chance to invite the EIB team to present and discuss this issue in a more specific way”.
In the next months, the PPI Programme will select six projects to start pre-feasibility studies.
For more information please contact:
Mr Jan Drozdz, PPIP Team Leader
Email: jadrx(at)cowi.com