The European Investment Bank (EIB), the European Union's long-term financing institution, and the United Nations Interim Administration Mission in Kosovo (UNMIK), acting for and on behalf of the Provisional Institutions of Self-Government in Kosovo, concluded the Framework Agreement under which the Bank may start financing capital investment Kosovo.
The EIB finances capital investment outside the European Union in accordance with the latter's' cooperation policy. The Bank expects to be able to finance investment projects that will contribute to sustainable economic growth based on continued economic development in Kosovo.
The EIB was set up in 1958 under the Treaty of Rome to provide loan finance for capital investment furthering European Union policy objectives, in particular regional development, Trans-European Networks of transport, telecommunications and energy, research, development and innovation, environment improvement and protection, health and education. Outside the Union, the EIB contributes to European development co-operation policy in accordance with the terms and conditions laid down in the various agreements linking the Union to some 130 countries in Central, South and Eastern Europe, the Mediterranean region, Africa, the Caribbean and the Pacific, Asia and Latin America.
*This designation is without prejudice to positions on status, and is in line with UNSCR 1244/1999 and the ICJ Opinion on the Kosovo declaration of independence.