Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives.
The EIB furthers the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group offers four main services to its clients: loans, technical assistance, guarantees and venture capital.
EIB lending is governed by a series of mandates from the EU in support of EU development and cooperation policies in partner countries.
In May 2009, the EIB granted Jordan a USD 100m loan to enable it to build a strategic aqueduct to carry water drawn from an immense aquifer beneath the desert. As well as providing financial engineering the EIB made its leading-edge water expertise available to Jordan, underpinning a long-term reform of the country's water policy.
The EIB organises regular public consultations on key policies governing its operations. At present, it is assessing the comments received during the second round of consultations on its Public Disclosure, Transparency and Complaints Mechanism policies.
The United Nations Climate Change Conference will take place at the Bella Center in Copenhagen, Denmark, between December 7th and December 18th, 2009. The EIB will organise and participate in a number of events organised in the framework of COP 15 and at the fringes of the Conference. In particular, the EIB is organising an event on the issues of adaptation to climate change in cooperation with the European Commission and other major financial institutions on December 16. The Bank will also actively participate in a Multilateral Development Banks day on December 10.
The agreement forms part of the EU policy that the EIB is implementing in cooperation with banking groups aimed at improving small businesses’ access to credit as Europe emerges from the economic crisis. Through UniCredit Leasing’s lease financing schemes, it will be possible to finance up to 100% of the total value of projects, with a cap of EUR 12.5 million per project. Further agreements with the EIB in support of the network in Austria, Germany, Poland and elsewhere in Europe will be concluded shortly.
Drawing from the China Climate Change Framework Loan signed with China in November 2007, the European Investment Bank is providing a total of EUR 134 million in four operations that will contribute to the mitigation of climate change. EIB estimates that up to 830,000 tons of CO2 emissions will be avoided every year when the four projects will be fully operational.
The project concerns the expansion of the Hellisheidi geothermal complex by an additional 90 MW and the construction of a new 90 MW geothermal power plant at Hverahlíð. The objective of these new power units is mainly to meet increasing demand for electricity in the export-orientated industrial sectors, notably supplying one existing and one new aluminium smelter.
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