Going abroad - a critique of the European Investment Bank's External Lending Mandate
Publisher: CEE Bankwatch Network
Volume: 41 pages, pdf
Description:
The European Investment Bank, the bank of the European Union, is the biggest multilateral lender by volume in the world. Even if its primary zone of operations is Europe, the EIB is also active outside of the EU, investing in projects that aim to promote sustainable and inclusive growth in support of the EU’s external policy objectives. EIB operations outside the EU constitute around 10% of the bank’s lending. In 2015 the bank approved loans outside the EU in the amount of EUR 7.7 bn, which illustrates how it is perceived to be an important instrument in supporting EU policies and the development cooperation framework..