EIB, acronym for European Investment Bank, refers to the financial institution established under the Treaty of Rome in 1958. It is responsible for providing long-term financing to support projects within the European Union (EU) member states that contribute to economic growth, job creation, and overall development. The EIB operates as a non-profit lender and is owned by its member states, which currently include all 27 EU countries.
The primary aim of the EIB is to promote balanced and sustainable development within the EU. It achieves this by offering loans, guarantees, and other financial instruments to public and private entities undertaking projects in various sectors such as infrastructure, energy, transport, education, research, and innovation. Projects supported by the EIB generally align with EU priorities, such as climate action, digital transformation, and social cohesion.
As a key player in European financing, the EIB aims to mobilize significant investments to address societal challenges and foster EU cohesion. It raises funds by borrowing on the capital markets, leveraging its strong credit rating and the backing of EU member states. The bank offers favorable lending conditions to projects of high European interest or those promoting EU policy objectives.
The European Investment Bank plays a crucial role in the EU's economic and social development, providing long-term funding for diverse projects that benefit citizens and contribute to sustainable growth within the European Union.
