COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 21.06.1995 
COM(95) 278 final 
REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilisation of EIB loans for projects of 
mutual interest in countries of Latin America and Asia 
that have concluded cooperation agreements with the Community 
(from 23.2.94 to 23.2 95) 

REPORT FROM THE COMMISSION TO THE COUNCIL 
AND THE EUROPEAN PARLIAMENT 
on the rate of utilisation of EIB loans for projects of 
mutual interest in countries of Latin America and Asia 
that have concluded cooperation agreements with the Community 
(from 23.2.94 to 23.2.95) 
1. Introduction. 
The Council Decision 93/115/EEC of 15 February 1993 (OJ L 45 of 23.2.93) grants in full the 
Community guarantee to the European Investment Bank against losses under loans for projects 
of mutual interest in certain third countries with which the Community has concluded 
cooperation agreements. The Decision sets a limit of ECU 250 million per year, for a three-
year period. The list of beneficiary countries is given in annex. 
The Council Decision requires the Commission to draw up a six monthly report on the rate of 
take-up of loans under the guarantee. The present report covers the two half-year periods 
corresponding to the second year of the Bank activities given that no loans were signed during 
the first half year. 
2. EIB lending during the 1994-1995 period. 
During the period 23.2.94 to 23.2.95, loans for a total of ECU 134 million were signed. 
Furthermore, the EIB Board of Directors approved loans for an amount of ECU 116 million 
(see table below). Therefore, during the second year of operations, the amount of loans 
signed and loans pending signature totalled ECU 250 million. 
3. Overall situation at 23.2.95 
The tables below provide an overall view of loans signed and committed by year of operations 
and sector since the Decision came into force. 
Table 1. List of operations at 23.2.95 
Country Project Date of Amount 
signature Committed 
of contract/ (ECU million) 
EIB Board of 
Directors 
approval 
First year of operations 
Costa Rica 
India 
Thailand 
Argentina 
Argentina 
Global authorisation Electric Development project 
Powergrid 
Erawan parallel gas pipeline 
Regional road transport corridors 
Gas natural BAN 30.11.93 
17.12.93 
14. 2.94 
9.11.93 
22. 2.94 
22. 2.94 (*) (*)0) 
(*) 
Second year of operations 
Pakistan 
Philippines 
Chile 
Peru 
Philippines 
Brazil 
Indonesia 44 
55 
40 
45 
46 
20 
KESC Power transmission 19.10.94 36 
Davao Cement project 14.12.94 23 
Compania de Teléfonos de Chile 20.12.94 75 
Pan-American highway 27. 9.94 (*) 27 
Davao Airport project 25.10.94 (*)<2> 25 
Saneamento Spirito Santo 31. 1.95 (*) 40 
Gas transmission and distribution 31. 1.95 (*)(3) 24 
(*) Approved by the EIB Board of Directors 
<»> Contract signed on 31.10.94 
(2) Contract signed on 10.3.95 
<3> The loan approved for the project amounts to ECU 46 million of which ECU 22 million will 
be allocated to the third year of operations. 
Annex 1 
List of developing countries in Latin America and Asia 
with which the Community has concluded cooperation agreements 
LATIN AMERICA 
Argentina 
Brazil 
Chile 
Mexico 
Paraguay 
Uruguay 
Andean Group (Bolivia, Colombia, Ecuador, Peru, Venezuela) 
Central American countries (Costa Rica, Guatemala, Honduras, Nicaragua, Panama, 
Salvador) 
ASIA 
Bangladesh 
China 
India 
Macao 
Mongolia 
Pakistan 
Sri Lanka 
ASEAN Group (Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand) 
ISSN 0254-1475 
COM(95) 278 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-95-304-EN-C 
ISBN 92-77-90639-1 
Office for Official Publications of the European Communities 
L-2985 Luxembourg 
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