Other EU Structures

European Investment Bank (EIB)
  • Barry Turner
Part of the The Stateman’s Yearbook book series (SYBK)

Abstract

The EIB is the financing institution of the European Union, created by the Treaty of Rome in 1958 as an autonomous body set up to finance capital investment furthering European integration. To this end, the Bank raises its resources on the world’s capital markets where it mobilizes significant volumes of funds on favourable terms. It directs these funds towards capital projects promoting EU economic policies. Outside the Union the EIB implements the financial components of agreements concluded under European Union development aid and co-operation policies. The members of the EIB are the member states of the European Union, who have all subscribed to the Bank’s capital. Its governing body is its Board of Governors consisting of the ministers designated by each of the member states, usually the finance ministers.

Keywords

Europe Wharf Alcide 

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2014

Authors and Affiliations

  • Barry Turner

There are no affiliations available

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