In 1994 was created the European Investment Bank (EIB), the financing
body of the
European Union, to help
small companies (SME). The function of the European Investment Bank (EIB) is to supply long-term finance
in assistance of Foreign direct investment (FDI) projects. European Investment
Bank (EIB) is the biggest international non-sovereign lender
- In 2010, some 88% of the total European Investment Bank (EIB) financing of EUR
72 billion went to projects in the European Union.
The European Investment Bank (EIB) is also active in 150 countries: pre-accession
countries of South-East Europe, Mediterranean partner countries; the African, Caribbean and Pacific countries, Asia and Latin America, Central Asia,
Russia and other neighbors to the East.
The majority shareholder of the European Investment Fund (EIF) is the European Investment Bank, with which
it forms the 'EIB Group'. The European Investment Fund (EIF) provides venture capital for Small and Medium Enterprises
(SME). It also
provides guarantees to financial institutions (banks) to cover their
loans to Small and Medium Enterprises (SME).
In 2007-13, the European Investment Bank (EIB) provides
finances for the economies in the enlargement region:
- Candidate countries: Croatia,
Turkey, Iceland, Macedonia (FYROM).
- Potential candidate countries: The Western Balkans
The European Investment Bank (EIB) encourage the European Union Neighborhood Policy in the Eastern Partner Countries
by financing projects of important European Union interest.
Example of the course European Investment Bank (EIB):
The economies eligible for European Investment Bank (EIB) financing under the ALA IV
- Asia: Brunei, Indonesia, Laos, Malaysia,
Philippines, Singapore, Thailand,
Vietnam - ASEAN Group, Bangladesh, People's Republic of China,
India, Mongolia, Nepal, Pakistan, South Korea, Sri Lanka, Yemen
- Latin America: Argentina, Bolivia, Brazil, Chile,
Colombia, Costa Rica,
Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay,
Peru, Uruguay, Venezuela.
The European Investment Bank (EIB) received political approval from the Council of European Union Ministers to become
active in Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and
Uzbekistan) in late 2008.