Website: eib.org
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The European Investment Bank (EIB) is the lending institution of the European Union (EU). It is a long-term lending bank that provides finance and expertise for sustainable investment projects that contribute to EU policy objectives. The EIB is owned by the EU member states and operates in more than 160 countries. It is the world's largest multilateral borrower and lender. The bank's mission is to support the EU's goals by promoting sustainable growth and job creation, addressing climate change, and improving infrastructure. The EIB raises substantial volumes of funds on the capital markets, which it lends on favorable terms to projects that meet its criteria. It also provides advisory services and technical assistance to support project preparation and implementation. The EIB's activities cover a wide range of sectors, including transport, energy, telecommunications, agriculture, and social infrastructure. The bank has a strong focus on environmental sustainability and climate action, and it aims to ensure that all its projects comply with high environmental and social standards. The EIB is a key player in the EU's efforts to achieve its climate and energy targets, and it has committed to increasing the share of its financing dedicated to climate action and environmental sustainability. The bank also plays a crucial role in supporting the EU's external policies, particularly in neighboring countries and regions. It provides finance for projects that contribute to economic development, social cohesion, and regional integration. The EIB's operations are guided by the EU's priorities and policies, and it works closely with the European Commission and other EU institutions. The bank's governance structure includes a board of governors, a board of directors, and a management committee. The EIB is subject to external audit and oversight, and it is committed to transparency and accountability in its operations. Overall, the European Investment Bank is a reputable and important financial institution that plays a significant role in supporting the EU's policy objectives and promoting sustainable development. Its activities are aligned with the EU's priorities, and it has a strong focus on environmental sustainability and climate action. As a long-term lending institution, the EIB provides valuable support for investment projects that contribute to economic growth, job creation, and the transition to a low-carbon and resilient economy. Its governance and oversight mechanisms help ensure that it operates in line with the EU's values and principles, and it is a key partner for the EU in achieving its policy goals."