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In 2013, the European Investment Bank celebrates 50 years of supporting development and economic growth in the African, Caribbean and Pacific regions. Since signing its first loan of
ECU 1m in 1965 for a banana export operation in Côte d’Ivoire, the EIB has adjusted its lending in the regions to the evolving trends of EU development policies through the decades, as defined in successive ACP-EC partnership agreements. Continually broadening its geographical reach from the 18 African and Malagasy states signatory to the first agreement signed in Yaoundé in 1963, the Bank has now supported over 1 300 projects in 92 countries or regional groupings, with total lending of more than EUR 16bn.