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The European Investment Bank in Sub-Saharan Africa: constrained expansion

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  • Anissa Bougrea

Abstract

Exploring the European Investment Bank’s (EIB) largely unexplored external operations, this article provides the first comprehensive analysis of the EIB’s activity in Sub-Saharan Africa (SSA) from its inception in 1957 up to 2024. The contribution enriches the discourse on re-aligning the European Financial Architecture for Development, by outlining the EIB’s inter-institutional considerations and its policy implications for both EU and SSA stakeholders. The findings reveal a “constrained expansion”, shaped by a mix of enablers such as EU geopolitical interests and a financialization-centric vision of development, and constraints including the Bank’s risk-aversion and increased competition with other development finance institutions.

Suggested Citation

  • Anissa Bougrea, 2025. "The European Investment Bank in Sub-Saharan Africa: constrained expansion," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 28(1), pages 12-36, January.
    • Handle: RePEc:taf:jpolrf:v:28:y:2025:i:1:p:12-36
    DOI: 10.1080/17487870.2024.2352543
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