European Investment Bank (EIB) is an international financial institution. It funds a variety of projects that advance the policies and goals of the European Union. The EIB seeks to promote economic growth and advance the economic interests of European countries. It provides assistance to poorer European regions and lends money for projects in all sectors of the economy.
The EIB was established by the 1957 Treaty of Rome, which increased economic cooperation among the nations of Europe. The bank began operations in 1958. The EIB is owned by the member nations of the European Union. The member nations are represented on the bank’s two main decision-making bodies, the board of governors and the board of directors. The EIB is based in Luxembourg.
