ADE was commissioned to conduct an evaluation of the European Investment Bank (EIB) activities in African, Caribbean and Pacific (ACP) countries and the Overseas Countries and Territories (OCTs) over the period 2003-2009. These activities were implemented respectively within the framework of the Cotonou Agreement and the Overseas Association Decision. It concerns a total of €4.1 billion in approvals, 64% of which were funded under the Investment Facility and 36% under EIB own resources.