European Investment Bank

European Investment Bank
European Investment Bank ˌEuropean Inˈvestment ˌBank abbreviation EIB noun BANKING ORGANIZATIONS
an institution of the European Union that lends money for investment for roads, communications etc and business development inside and outside the EU:

• The European Investment Bank financed 30% of the new motorway linking Berlin and Warsaw at a cost of Ecu2.2 billion ($2.5 billion).

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   ► See EIB.

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a bank owned by the countries of the European Union, which raises money to invest in projects to encourage economic development, especially in poor areas of EU countries: »

The European Investment Bank has become the main financing vehicle for new investment in EU transport, telecommunications and energy.

Financial and business terms. 2012.

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