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European Investment Bank
Founded in 1958, the European Investment Bank (EIB) is the long-term lending bank of the European Union. The EIB is active throughout the EU as well as in some 140 countries worldwide which have cooperation agreements with the EU. The bank collaborates closely with the EU institutions to help achieve key EU objectives.
The EIB lends money to the public and private sector in the fields of Cohesion and Convergence, support for small and medium-sized enterprises, environmental schemes, research, development and innovation, as well as transport and energy. The bank does not provide grants.
Several financing instruments have been devised to run under the Cohesion Policy for 2007-13:
- JASPERS : Joint Assistance in Supporting Projects in European Regions
- JEREMIE : Joint European Resources for Micro to Medium Enterprises
- JESSICA : Joint European Support for Sustainable Investment in City Areas
- JASMINE : Joint Action to Support Microfinance institutions in Europe