About: EIB
The EU’s bank in Africa steps up the action
Whether or not Jean-Claude Juncker’s plans for a "partnership of equals" with Africa becomes reality any time soon, the Luxembourg-based European Investment Bank will have an ever-increasing role in the continent.
China’s investment largesse may dwarf EU in Africa
When it comes to increasing investment in the African, Caribbean and Pacific countries covered by the Cotonou Agreement, the EU talks a good game. But it is facing stiff competition from China, armed with more cash and fewer concerns about democracy and the rule of law when it comes to investment.
EIB cannot do business with Iran, bank chief warns
The European Investment Bank (EIB) would risk its business model if it invested in Iran, because of the sanctions the US reinstated after its withdrawal from the nuclear deal, the president of the EIB told the press on Wednesday (18 July).
EU lawmakers back plan for European Investment Bank work in Iran
EU lawmakers gave approval on Wednesday (4 July) for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.
A ”facelift” to the EIB: the EU financial arm needs forward-looking reforms
The European Investment Bank (EIB) celebrates this year its 60th anniversary. But the 1958-founded EU body and bank should now look forward and commit to becoming a more sustainable, accountable and transparent institution, writes Xavier Sol.
EU budget promises sweeping changes to development policy
The development policy community is anxiously awaiting an overhaul of the EU’s development budget and the instruments used to spend it, when the European Commission publishes its communication on Wednesday (2 May) for the bloc’s next seven year budget.
No more excuses: The EIB needs a responsible policy against tax abuses
The EIB is a public institution and supports projects in the name of EU policies. Therefore it is high time for the EU bank to ask for more than what commercial banks do for the sake of justice and broader public interest, write Xavier Sol andAntonio Tricarico.
Financial instruments: A paradigm shift in the next EU budget
The (much) higher use of loans and guarantees foreseen in the MFF post-2020 will produce significant changes in the management model of EU funding, and could even herald a structural evolution in the European project as a whole, write Francesco Molica and Nikos Lampropoulos.
EU bank delays decision on mega pipeline loan
The European Investment Bank on Tuesday (12 December) delayed a decision on whether to grant a multi-billion-euro loan to a controversial pipeline, after the bank’s board insisted it needs more time to assess the project.
EIB vice-president: Only municipalities with healthy budgets will be funded
Healthy and sufficient budgets are prerequisites for the European Investment Bank’s (EIB) investment tools and resources to be used by municipalities and regions, Vazil Hudák told EURACTIV Greece in an interview.
Europe’s murky Eastern energy deals
Millions of euros in public money are being invested in large infrastructure projects in the EU’s eastern neighbours in total disregard for Europe’s climate goals, and local communities, writes Manana Kochladze.
EIB banking on new business in East Africa
Offering credit to East African banks might not be many people’s idea of traditional development aid. Yet promoting private small and medium enterprise, alongside funding for infrastructure projects that will help develop local businesses, lies at the heart of the new strategy for Africa.
Luxembourg seeks to become Europe’s green finance hub
At the COP23 summit in Bonn, Luxembourg's finance and environment ministers joined with directors of the European Investment Bank to launch a de-risking mechanism that will allow financing of climate-friendly projects.
Varoufakis tells Macron to adopt the ‘empty-chair’ tactic
Former Greek finance minister Yanis Varoufakis supports Macron’s federalist proposals on the euro single currency but believes only a real threat could make Germany budge on the issue. EURACTIV France reports.
EU bank invests in Mongolia’s green future
The European Investment Bank (EIB) has agreed to help finance a large-scale wind farm in Mongolia, as part of the East Asian country’s plans to embrace renewable energy.
Rural areas have bad internet access in most member states
Many rural parts of the EU have poor or no broadband internet, even as lawmakers in Brussels discuss new rules to speed up connectivity.
EU anti-fraud office send VW probe findings to German prosecutors
The European anti-fraud office that is investigating whether Volkswagen used EU funds and European Investment Bank (EIB) loans to develop devices that cheated emission tests has sent its judicial recommendations to German prosecutors.
EIB approves €12 bn for transport, energy, infrastructure
The European Investment Bank (EIB) has approved new financing worth €12.4 billion for projects in transport, including a new metro line in Paris, infrastructure and energy, the bank said on Tuesday (18 July).
EIB vice-president: ‘Despite Brexit, Europe has much to celebrate’
Despite Brexit, the threat of populism and the hostile winds blowing from Washington, the European Union has "much to celebrate", the European Investment bank’s Vice-President Román Escolano said in an interview with EuroEFE.
EIB, WEF tell EU to embed social inclusion in economic policy
At a time of rising inequality across Europe, the European Investment Bank and the World Economic Forum have jointly sounded the alarm bell and called for social inclusion to become an organic part of EU economic policy.
Spain benefitted most from Juncker Plan in 2016
Spain is one of the main beneficiaries of the Juncker Plan, according to European Investment Bank Vice-President Román Escolano, after a year in which the EU bank focused on financing SMEs. Euractiv Spain reports.
Commission announces investment boost for circular economy
The EU executive announced today (26 January) the first steps towards legislation on the burning of waste for energy, and that it would work with the European Investment Bank to spur financial backing for projects supporting the shift to a circular economy.
Why the EIB should not deal with the migration crisis
The EIB is not well placed to intervene in the migration crisis. The bank’s past form shows it lacks the human touch needed to succeed in this area, writes Xavier Sol.