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 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 conformity of the investments financed from the EIB’s own resources with relevant EU legislation and policies..
The EIF is the EU’s specialist vehicle for private equity, guarantees and microfinance, primarily in support of SMEs, micro- and social enterprises. 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 transition towards open market-oriented economies and to promote private and entrepreneurial development across Central and Eastern Europe, Central Asia and, since 2011, the Southern and Eastern Mediterranean region. It is owned by 65 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.