European Investment Bank (EIB)

The European Investment Bank (EIB) is the European Union's financial institution. The EIB's primary mission is to provide long-term finance and support for sustainable investment projects that contribute to the EU's policy objectives. These objectives include promoting economic growth, job creation, environmental sustainability, and regional development. It is owned by its member states, which are also members of the European Union. Each member state is a shareholder and contributes to the bank's capital. The EIB finances a wide range of projects, including infrastructure, energy, transportation, research and development, and social projects. It often focuses on projects that align with EU policies and priorities. The EIB provides loans and financial instruments to public and private entities. It offers favorable terms, longer repayment periods, and lower interest rates compared to traditional financial institutions, aiming to encourage investment in projects with a positive impact. While the primary focus is on projects within the European Union, the EIB also operates outside the EU, supporting projects in partner countries as part of the EU's external cooperation and development efforts.