What is the European Investment Bank?
The European Investment Bank (Banque Europeenne D’Investissement) is a leading financial institution in the European Union (EU). The major shareholders of the European Investment Bank are the member nations of the EU themselves, which creates a very high credit rating for the bank. As a result, it can borrow and lend on the international market at very favorable rates. The European Investment Bank provides capital funds for projects within the EU and in nations that partner with the EU. In 1957, the Treaty of Rome met to establish economic relationships within the European nations, and the European Investment Bank was founded with the intention of providing financial assistance for development projects, technological advancements, transportation, environmental protections, and generally furthering the cause of European nations. In 1992, when the European Union was established under the Maastricht Treaty, the European Investment Bank prepared to take a larger role in the European commun
