European Investment Bank : Eib External Action Gets Funding Boost
The new mandate of the European Investment Bank (EIB) on lending to third countries provides for additional resources to tackle climate change and to support the EU's Southern and Eastern neighbours. The final adoption of the new mandate is now effective after the European Parliament adopted, on 13 October, the resolution on the guarantees of these loans - on the basis of an EU budgetary guarantee - and the decision of the Council on 19 July. The new mandate - which is a mid-term revision of the 2007-2013 mandate - is expected to enter into force on 1 November 2011.
EIB President Philippe Maystadt said: "This new mandate will strengthen the EIB's capacity to respond to global …
The rest of this article is only available to active members of Questia
Sign up now for a free, 1-day trial and receive full access to:
- Questia's entire collection
- Automatic bibliography creation
- More helpful research tools like notes, citations, and highlights
- Ad-free environment
Already a member? Log in now.
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information:
Article title: European Investment Bank : Eib External Action Gets Funding Boost.
Contributors: Not available.
Magazine title: Europe-East.
Publication date: October 24, 2011.
Page number: 302063.
© 2009 Europolitics.
COPYRIGHT 2011 Gale Group.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
One moment ...
- Georgia
- Arial
- Times New Roman
- Verdana
- Courier/monospaced
Reset