The European Investment Bank in Africa, the Caribbean and Pacific and the overseas territories
- Release date: 23 January 2013
The European Investment Bank, the bank of the European Union, has been supporting EU development policies in Africa, the Caribbean and Pacific (ACP) regions since 1963. In its 50-year history, it has lent nearly EUR 16 billion for some 1 300 projects providing sustainable economic, social and environmental benefits to 92 countries/regional groupings.
The EIB carries out its lending in these areas under regional EU cooperation agreements. It plays an active role in international development policy to ensure the alignment of activities with the European Consensus for Development and the United Nations Millennium Development Goals. Within this framework the EIB manages the EU’s repayable aid, which it supplements with its own resources, borrowed on the capital markets.
