European Investment Bank committed to environmental objectives

During a conference organised by the Centre for European Policies Studies (CEPS) on 19 September, EIB Vice-President Peter Sedgwick highlithted the bank’s increased commitment to environmental objectives.

The European Investment Bank (EIB), the European Union’s financing institution, is in charge of granting loans to support Community policies. The EIB is the biggest public lender in the world with a current portfolio of investments in about 140 countries and an annual lending in the range of 36 billion Euro.

More than 18 percent of the EIB’s total lending is outside the European Union. Its resources consist of capital from EU Member States and funds borrowed on the world’s capital markets.

Speaking at a CEPS conference on 19 September, EIB Vice-President Peter Sedgwick said that in 2002, the EIB lent a total of 17.9 billion Euro for projects tied to environmental objectives, and 1.8 billion Euro of this sum went to environmental projects in acceding countries.

 CEPS’s report of the presentation.

 Click here to see EIB Vice-President Peter Sedgwick’s presentation.