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EUROPEAN INVESTMENT BANK: PROMOTING SUSTAINABLE DEVELOP...

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European Investment Bank: Promoting sustainable development, “Where appropriate”

56, pdf
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European Investment Bank: Promoting sustainable development, “Where appropriate”



Publisher: CEE Bankwatch Network

Date: November, 2007

Volume: 56 pages, pdf

Description

The European Investment Bank (EIB) was established in 1958 under the Treaty of Rome as the long-term lending institution of the European Union (EU). As such, it is mandated to provide financing in support of the policy objectives of the EU, including EU environmental policy. Acting outside of the EU, the EIB is charged with implementing European Commission (EC) policy in the sphere of development cooperation. But while the World Bank and the IFC operate with a single overarching mission in all their countries of operations, the EIB operates with distinct regional mandates outside of the EU, as defined by the European Council.