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09/08/2012. 2. European Investment Bank. The European Investment Bank (EIB) Long-term Finance Promoting European Objectives. Created by the Treaty of Rome and set up in 1958.EIB shareholders: the 27 Member States of the European Union EIB Board of Governors: the 27 EU Finance MinistersEIB Bo
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1. 10/08/2012 1 European Investment Bank EUROPEAN INVESTMENT BANK Financing infrastructure investments for the benefit of Russian Regions and CitiesPeter Jeffreys Russia, Eastern Europe and Southern Caucasus Division29 May 2009
2. 10/08/2012 2 European Investment Bank The European Investment Bank (EIB)Long-term Finance Promoting European Objectives Created by the Treaty of Rome and set up in 1958.
EIB shareholders: the 27 Member States of the European Union
EIB Board of Governors: the 27 EU Finance Ministers
EIB Board of Directors: representatives from the 27 Member States and the European Commission
Own Funds EUR 33.4bn (subscribed capital EUR 164.8bn) at year end 2007
Lending in 2007: EUR 47.8bn in total, of which EUR 41.4bn within the EU and EUR 6.4bn Outside the EU
Total outstanding loans at 31.12.2007: EUR 324.8bn
3. 10/08/2012 3 European Investment Bank The European Investment Bank (EIB) Main External Mandate 2007-2013 for EIB lending operations outside the EU = EUR 27.8 bn, of which
EUR 3.7 bn for Russia and Eastern Neighbours, i.e.:
Eastern Europe : Ukraine, Moldova and – subject to future Council Decision – Belarus
Southern Caucasus : Armenia, Azerbaijan and Georgia
4. 10/08/2012 4 European Investment Bank The European Investment Bank (EIB)
Beneficiaries of EIB loans: State, Central Government, Regions, Municipalities, Utilities, Private Companies, Project Finance Structures and PPPs.
EIB Financing Operations in the region should be carried out in close cooperation with the EBRD in accordance with the tripartite Memorandum of Understanding signed between the Commission, the EIB and the EBRD in December 2006.
5. 10/08/2012 5 European Investment Bank The European Investment Bank (EIB) 2007-2013 Mandate for Eastern Europe, Southern Caucasus & Russia
Focus on projects of significant interest to the EU in transport, energy, telecoms and environmental infrastructure.
Priority to projects on extended major Trans European Network Axes, projects with cross-border implications for one or more Member States and major projects favouring regional integration through increased connectivity.
In the environmental sector, the EIB should in Russia give particular priority to projects within the framework of the Northern Dimension Environmental Partnership.
In the energy sector, strategic energy supply and energy transport projects are of particular importance.
6. 10/08/2012 6 European Investment Bank The European Investment Bank (EIB) Priority in Transport: Projects on the extended major Trans European Network axes