The role of the European Investment Bank

Eugenio Greppi

Chapter 15 in Improving Economic and Social Cohesion in the European Community, 1994, pp 241-245 from Palgrave Macmillan

Abstract: Abstract The European Investment Bank contributes to the promotion of Community structural policies — in the first place cohesion policy, but also environment, transport, energy and industry policies. The financing which the EIB provides is long-term, generally between 8 and 12 years for industrial and service ventures and up to 20 years or more for infrastructure. Terms are flexible and can be tailored to borrowers’ needs; rates can be fixed, with or without a revision date, or variable; grace periods on capital repayments can be modulated; and there is a range of alternatives as to the choice of currency.

Date: 1994
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DOI: 10.1007/978-1-349-23438-7_15

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