| Author (Corporate) | European Investment Bank |
|---|---|
| Publisher | European Investment Bank |
| Publication Date | 2008 |
| Content Type | Key Source, Overview |
|
The European Investment Bank was created by the Treaty of Rome in 1958 as the long-term lending bank of the European Union. The task of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. The EIB raises substantial volumes of funds on the capital markets which it lends on favourable terms to projects furthering EU policy objectives. The EIB continuously adapts its activity to developments in EU policies. The EIB: + enjoys its own legal personality and financial autonomy within the EU + operates in keeping with strict banking practice and in close collaboration with the wider banking community, both when borrowing on the capital markets and when financing capital projects. |
|
| Source Link | http://www.eib.org/ |
| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe |
