Sub-subject: The European Investment Bank (EIB).
Enlargement Countries. Syllabus:
- Introduction to the European Investment Bank (EIB).
- European Investment Bank Group.
- European Investment Fund.
- The strategy of the European Investment Bank:
- Enlargement Countries
- African, Caribbean, and Pacific countries
- Asia and Latin America
- The European Union-Eastern neighbours.
- Facility for Euro-Mediterranean Investment and Partnership.
Sample of the Sub-subject: The European Investment Bank (EIB)
Sub-Subject Description: The European Investment Bank:
In 1994 was created the European Investment Bank (EIB), the financing
body of the European Union, to help small companies. The function of the European Investment Bank is to supply long-term finance in assistance of foreign direct investment projects.
The European Investment Bank is the biggest international non-sovereign lender and borrower.
- 88% of the total European Investment Bank financing of Euros 72 billion went to projects in the European Union (EU).
- The European Investment Banks also active in 150 countries: pre-accession countries of South-East Europe, Mediterranean partner countries; the African, Caribbean and Pacific countries, Asia, Latin America, Central Asia, Russia, and other neighbours to the East.
The majority shareholder of the European Investment Fund is the European Investment Bank, with which
it forms the 'EIB Group'. The European Investment Fund provides venture capital for Small and Medium Enterprises. It also provides guarantees to financial institutions (banks) to cover their loans to Small and Medium
The European Investment Bank provides finances for the economies in the enlargement region:
- Candidate countries Turkey, Iceland, Macedonia).
- Potential candidate countries: the Western Balkans
The European Investment Bank encourages the European Union Neighbourhood Policy in the Eastern Partner Countries
by financing projects of substantial EU interest.
Economies eligible for the European Investment Bank financing under the ALA IV
- Asia: Brunei, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, Vietnam - ASEAN Group, Bangladesh, the People's Republic of China, India, Mongolia, Nepal, Pakistan, South Korea, Sri Lanka, and Yemen
- Latin America: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, and Venezuela.
The European Investment Bank received legislative approval from the Council of the European Union Ministers to become active in Central Asia (Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan) in late 2008.
The European Investment Bank belongs to the European Economic Area of the Western Christian Civilisation.