European Investment Bank

Overview

The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance. We help the economy, create jobs, promote equality and improve lives for EU citizens and for people in developing countries. The EIB Group has two parts: the European Investment Bank and the European Investment Fund. The EIF specializes in finance for small businesses and mid-caps. We have more than 60 years' experience and expertise in project financing. Headquartered in Luxembourg, we have a network of local and regional offices in Europe and beyond.

In 2016, The European Investment Bank launched the Economic Resilience Initiative (ERI), which forms part of the joined up EU response to the challenges posed by forced displacement and migration, and is implemented in close cooperation with EU member states, the European Commission, donors and other partners. Given the urgency and importance for the EU, the EIB has started stepping up its support to the two regions in late 2016 as part of its own commitment to the Economic Resilience Initiative. ERI offers a package of loans and innovative financial products, while blending funds from the donor community with EIB financing. Under ERI, more than 50 projects have been approved for a total of €4.75 billion in investment. The initiative is expected to provide a total of €15 billion in extra financing.


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NO Comment 11th June 2020

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