European Investment Bank


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European Investment Bank

A bank owned by the members of the European Union. It was established to finance EU policies, especially in infrastructure, energy, medium-sized and small businesses, and similar projects. It was established in 1958 and is based in Luxembourg.

European Investment Bank

see REGIONAL POLICY.

European Investment Bank

an institution established in 1958 with the formation of the EUROPEAN UNION (EU) to provide financial assistance for the schemes and projects considered to be beneficial in promoting the economic integration of the Union. Together with the EUROPEAN REGIONAL DEVELOPMENT FUND, the Bank is an important source of funds for the development of the more impoverished areas of the Union. The Bank also makes finance available to less developed countries.

See REGIONAL POLICY, ASSISTED AREAS, LOMÉ AGREEMENTS.

References in periodicals archive ?
The new European Investment Bank engagement with Welsh Water announced today is the largest it has agreed with the company in more than two decades of doing successful business together.
Over the last decade the European Investment Bank, Europes long-term lending institution, has backed schemes that have transformed energy, water and transport in Kenya and neighbouring countries.
The European Investment Bank loan will support expansion of broadband networks in Luanda, Benguela and Lobito, and provision of new optical fibre communication networks in Lubango, Huambo, Cabinda and Soyo.
The project with an estimated cost of 240 million Euros is being jointly funded by the European Investment Bank, the German Development Bank (KfW) and the Government of Pakistan.
The Luxembourg-based European Investment Bank is the long-term lending institution of the European Union owned by its Member States.
Renault SA (EURONEXT: RNO), a France-based automaker, has received EUR400m in grants from the European Investment Bank.
The European Investment Bank has transferred the first tranche of the new credit line for the Macedonian economy.
Summary: The European Investment Bank and the French Development Agency are interested in funding natural gas pipelines in Lebanon, Finance Minister Mohammad Safadi said Wednesday.
Summary: DUBAI - Abraaj Capital, Palestine Investment Fund (PIF), Bank of Palestine (BoP), Cisco and the European Investment Bank (EIB) jointly announced on Monday the first close of the Palestine Growth Capital Fund, or PGCF, which will provide private equity growth capital investments and management support to high growth The Fund is part of Abraaj Capital's $650 million SMC investment platform, Riyada Enterprise Development.
NEW funding from the European Investment Bank, worth pounds 150m, will enable Lloyds TSB to offer discounted loan rates to UK small firms.
The European Investment Bank has welcomed the inauguration of the N$2.
Summary: The European Investment Bank (EIB) and Tanger Med Special Agency (TMSA) signed, on Thursday in Tangier, a 200-million Euro loan agreement to finance the extension works of the Tanger Med Port Complex.

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