Provides long-term financing and advice for EU projects.
The EIB has invested over €1.1 trillion since 1958, with loans typically above €25 million.
**Summary of the European Investment Bank (EIB)** The European Investment Bank (EIB) is a nonprofit European Union institution that provides long-term project funding, guarantees, and advice to support EU policy objectives. It is owned by the 27 EU member states and operates in over 160 countries worldwide. **Focus Areas:** - Climate action and environment - Development and cohesion - Innovation and skills - Small and medium-sized enterprises (SMEs) - Infrastructure - Digitalisation and technological innovation - Security and defense - Agriculture and bioeconomy - Social infrastructure - High-impact global investment - Capital markets union. **Financial Resources:** The EIB borrows money on capital markets and lends it on favorable terms. It has invested over €1.1 trillion since its inception in 1958. **Typical Project Financing:** Loans are typically above €25 million, with smaller loans facilitated through credit lines to financial institutions. **Criteria for Funding:** Projects must align with EU policy objectives, such as promoting economic growth, mitigating climate change, and supporting less-developed regions. Projects that cannot be fully financed by individual member states or benefit multiple member states are also eligible. **Recent Projects:** The EIB has supported numerous projects, including those related to COVID-19 recovery, with a total of €200 billion approved for this purpose. In 2021, it signed 748 projects worth €65.4 billion.