European Commission to provide additional funding for key investment projects in the Neighbourhood
The European Commission has announced additional support for the Neighbourhood Investment Facility (NIF) for this year. The extra funding will go towards helping countries in the Eastern and Southern Neighbourhood in areas such as road building, climate change, energy or supporting businesses.
The Neighbourhood Investment Facility brings together grants from the European Commission and the EU Member States with loans from European public finance institutions, as well as contributions from the partner countries; helping to support its neighbours in carrying out necessary infrastructure projects.
Thanks to the NIF, the European Neighbourhood Fund 'SANAD (which means 'support' in Arabic), was established to help micro, small and medium enterprises particularly affected by the financial crisis in the Southern Neighbourhood.
For more information
The 2011 Annual Operational Report of the NIF
The Neighbourhood Investment Facility
The European Neighbourhood Policy (ENP):