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European
Investment Bank The
European Investment Bank (the Banque Européenne
d'Investissement) is the European Union's financing
institution and was established under the Treaty of Rome
(1957) to provide financing for capital investment
furthering European Union policy objectives, in particular
regional development, Trans-European Networks of
transport, telecommunications and energy, research,
development and innovation, environmental improvement and
protection, health and education. Contrary to one implied
meaning of the banks name, the EIB is not an investment
bank. Outside the Union, the EIB contributes to European
development co-operation policy in accordance with the
terms and conditions laid down in the various agreements
linking the Union to some 130 countries in Central, South
and Eastern Europe, the Mediterranean region, Africa,
Asia, Latin America, the Caribbean and the Pacific.
The task of the European Investment Bank, the European
Union's financing institution, is to contribute towards
the integration, balanced development and economic and
social cohesion of the Member States.
To this end, it raises on the markets substantial
volumes of funds which it directs on the most favourable
terms towards financing capital projects according with
the objectives of the Union.
Outside the Union the EIB implements the financial
components of agreements concluded under European
development aid and cooperation policies.
The headquarters is situated in Boulevard Konrad
Adenauer in Kirchberg, Luxembourg. The building's first
phase was designed by British architect Sir Denys Lasdun
and is one of his few works outside the UK. |