How do we monitor projects
We monitor a project from the signature of the loan contract through the project implementation and operation phase until the loan is paid back. Monitoring requirements are determined according to the characteristics of the project.
In particular, the Bank monitors the servicing of the loan, checks that the funds are being used in line with the objectives and projections and keeps itself informed of developments concerning the promoter and its partners. It also ensures that the physical execution of the project is in accordance with the contract and evaluates the results of the investment.
The Transaction Management and Restructuring Directorate is responsible for the financial monitoring of loans signed in the European Union and the restructuring of operations.
During the project appraisal phase the Projects Directorate detects potential problems, in order to enable the necessary corrective measures to be taken where required.
During the project implementation phase, the promoter is obliged to inform the Bank in the event of a significant departure from what was agreed originally.
Lastly, a project completion report establishes any differences with respect to the original plans.
Some projects, such as public-private partnership projects, require monitoring following their completion.
Ex post evaluation
The studies and evaluation reports enable the EIB Group to draw lessons from past experience. The purpose of the recommendations that are made is to improve future operations and report on the implementation of EU policies.
The ex post evaluations are posted on the EIB or EIF website. The Bank also publishes an annual report, which contains a summary of the evaluations carried out during the financial year.