During the 1973 oil crisis, the European Investment Bank allocates a large proportion of its loans to projects financing energy production and supplies, without neglecting projects in regions with development or restructuring problems.
In its 40th year of operation, the European Investment Bank (EIB) fulfils its fundamental role in facilitating the transition to the single currency: on the one hand, the EIB contributes, through its lending to the less-developed regions, to the economic convergence of the European Union; on the other, by issuing loans and bonds in euros, it helps establish a large capital market in euros. Furthermore, the EIB authorises lending to encourage employment creation in Europe and to support the EU external development cooperation policies.
In this article, the author explains how the European Investment Bank (EIB) contributes, in ACP (African, Caribbean and Pacific) countries, not only to the development of the public sector by financing major infrastructure projects, but also to the development of the private sector. Typically, EIB operations in support of the private sector consist of lines of credit for small and medium enterprises, allocated through local banks. In this way, the EIB participates in a structured process of cooperation and competition in which the public sector and the private sector complement each other.
Interview with Philippe Maystadt, President of the European Investment Bank (EIB) since 1 January 2000, concerning the objectives of the EIB and the projects that it funds in order to fulfil them. While projects geared towards improving conditions in the less-developed regions remain a priority, investment in new technologies is increasing. Moreover, the bank's activities have a positive influence on job creation and the establishment of the single currency.
Following the 2001 EIB Board of Governors’ annual meeting, held in early June in Luxembourg, Philippe Maystadt, EIB President, presents the bank’s principal areas of activity for the years to come. In his view, the bank should further concentrate its lending activity on key sectors defined by Community policies, in accordance with its mission of contributing to the objectives of the European Union.
Article from the Belgian daily newspaper Le Soir demonstrating that, alongside the ‘core business’ of the European Investment Bank (EIB) consisting of loans for the financing of capital projects in line with the European Union’s priorities, the EIB carries out a ‘secondary business’ by ‘being a shareholder’. The EIB is developing this activity through the European Investment Fund (EIF), its specialised subsidiary for venture capital. By acquiring holdings in companies, the EIF lends its financial support to both small and medium-sized enterprises (SME) and companies setting up infrastructure networks.
At the Annual Press Conference held in Brussels on 7 February 2002, Philippe Maystadt, President of the European Investment Bank, reports on the Bank's 2001 activities and outlines perspectives for 2002. In his speech, he also emphasises the importance of the various institutional changes affecting the Bank, introduced with a view to fulfilling its objectives more effectively.
Entretien avec Massimo Ponzellini, vice-président de la Banque européenne d’investissement (BEI) depuis le 7 juin 1994 et responsable, entre autres, des financements en Italie et de l’activité de la BEI en faveur des petites et moyennes entreprises (PME). Ponzellini explique comment les PME peuvent accéder aux financements de la BEI, quelle est la politique de la BEI à l’égard de ses bons, quel est le rôle de la BEI dans le programme du gouvernement italien pour les infrastructures et quelles sont les priorités pour le développement de la Sicile.
Philippe Maystadt, President of the European Investment Bank (EIB), replies to questions from MPs during the plenary session of the European Parliament, held on 5 February 2002 in Strasbourg, on the EIB Annual Report for 2000. Mr Maystadt would like to see the session on the EIB Annual Report become an annual occurrence, despite the fact that the Bank is not officially required to report to the European Parliament.
Philippe Maystadt, président de la Banque européenne d'investissement (BEI), éclaircit lors de cet entretien plusieurs questions qui se posent à propos du rôle et des compétences de la banque: pourquoi la BEI n'a qu'une capacité limitée pour agir sur la conjoncture économique, quel a été l'impact de l'explosion de la bulle Internet sur les activités de la BEI et du Fonds européen d'investissement (FEI) et comment et dans quelle mesure la BEI intervient à l'extérieur de l'Union européenne.
On the basis of a decision by the European Council, a committee of ‘wise persons’, chaired by Michel Camdessus, was set up in 2008 to carry out a thorough assessment and examination of European Investment Bank operations outside the European Union (EU) since 2006 that are covered by an EU budget guarantee. This report, signed on 9 February 2010 and published on 24 February 2010, provides recommendations to improve the Bank’s interventions outside the EU.
In 2009, a committee of ‘wise persons’, chaired by Michel Camdessus, former Managing Director of the International Monetary Fund, assessed the operations carried out by the European Investment Bank outside the European Union (EU). In this article, Michel Camdessus sets out the main thrust of the report published on 24 February 2010.
The EIB Group’s 2010 Annual Report consists of four separate volumes. This volume, the Statistical Report, presents in list form the projects financed and borrowings undertaken by the EIB in 2010, and provides a list of the EIF’s projects.
At the international press conference held in Brussels on 22 February 2011, Philippe Maystadt, President of the European Investment Bank, presents the Bank’s activities in 2010 and sets out the prospects for 2011. In his address, he emphasises the record volume of loans to support climate action and the Bank’s gradual return to pre-crisis activity levels.
In their decision of 25 October 2011, the European Parliament and the Council renewed the mandate of the European Investment Bank (EIB) to carry out operations outside the European Union (EU). Article 209(3) of the Treaty on the Functioning of the European Union, in conjunction with Article 208 thereof, provides that the EIB is to contribute to the implementation of the measures necessary to further the objectives of the EU’s development cooperation policy.
Drawn up for the first time at the instigation of the Board of Governors in June 1998, the Operational Plan of the European Investment Bank is a strategic document, approved by the Board of Directors, for defining medium-term policy and setting operational priorities in the light of the objectives assigned to the bank by its governors with a view to ensuring the fulfilment of its remits under Article 309 of the Treaty on the Functioning of the European Union.
Werner Hoyer, President of the European Investment Bank (EIB), replies to questions from MPs during the plenary session of the European Parliament, held on 29 March 2012 in Brussels, on the EIB Annual Report for 2010.
Sir Brian Unwin, President of the European Investment Bank (EIB) from April 1993 to December 1999, outlines the tasks entrusted to the EIB by the Amsterdam European Council of 16 and 17 June 1997. The EIB receives a specific mandate to act with a view to job creation.