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.
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European Investment Bank

see REGIONAL POLICY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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