Since its establishment in 1958, the EU bank has invested over a trillion euros. While climate action is a part of everything we do, our activities focus on the following priority areas: climate and environment, development, innovation and skills, small and medium-sized businesses, infrastructure and cohesion.
The unprecedented impact of the COVID-19 crisis poses one of the European Union’s biggest socio-economic challenges since the end of the Second World War.
As an immediate response to this unprecedented crisis, the EIB Group, including the European Investment Fund, is establishing a European Guarantee Fund of €25 billion that will support up to €200 billion of finance for companies, with a special focus on SMEs. This is on top of the emergency measures already in place to address the impacts of the coronavirus and support SMEs and the health sector.
But our response to today’s priorities goes beyond the EU borders. Poverty, inequality, environmental degradation, climate change—the world faces enormous challenges. Through our development impact, we help countries worldwide with innovative solutions to promote sustainable growth, reduce poverty and inequality, and improve lives.