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Coordination with the EIB Group and the EBRD

DG ECFIN is in charge of the Commission's relations with the European Investment Bank (EIB) Group and the European Bank for Reconstruction and Development (EBRD).

The EIB Group consists of the European Investment Bank (EIB) and the European Investment Fund (EIF).

The EIB's task is to contribute, through the financing of investments, to the integration, balanced development and economic and social cohesion of the EU. DG ECFIN is responsible for the formulating the Commission's position on the strategic orientation of the EIB. DG ECFIN also coordinates the preparation of the Commission's opinion on the EIB's compliance with EU rules and policies in its loan proposals.

The EIF specialises in providing venture capital and guarantee instruments for the development of small and medium-sized enterprises (SMEs). DG ECFIN ensures the appropriate coordination between the EIF and other Commission departments on specific questions arising in relation to EU policies and legislation.

The European Bank for Reconstruction and Development (EBRD) is an international financial institution designed to foster the transition towards open market-oriented economies and to promote private and entrepreneurial initiative in countries from Central Europe to Central Asia. It is owned by 61 countries (including all EU Member States), the European Community and the EIB. The total EU shareholding is 63%. The EBRD provides project financing mainly for private enterprises, usually together with other commercial lending partners. It also works with public partners to support privatisation, restructuring and improvement of municipal services.

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