OREANDA-NEWS. May 08, 2008. According to the announcement of EC, Neighbourhood Investment Facility (NIF) was formally launched on May 6 and will mobilise additional funding for infrastructure projects mainly in the energy, transport and environment sectors in the entire area of the European Neighbourhood Policy by providing grant support for lending operations of public European financial institutions.

The Commission has already made available ?100 out of the ?700 million it intends to allocate to the NIF for the period 2007-2013. G

Geographically NIF operations will focus on countries with ENP Action Plans agreed with the EU, namely Armenia, Azerbaijan, Egypt, Georgia, Jordan, Lebanon, Moldova, Morocco, Palestine, Tunisia and Ukraine.