The Public Policy Role of the European Investment Bank within the EU

1995 ◽  
Vol 33 (3) ◽  
pp. 315-330 ◽  
Author(s):  
PATRICK HONOHAN
IG ◽  
2021 ◽  
Vol 44 (4) ◽  
pp. 328-335
Author(s):  
Hartmut Marhold

The European Union (EU) invests huge resources in overcoming the pandemic crisis and does so as a learning system: The Union learned lessons from the previous, the financial, economic and state debt crisis after 2008, in many ways. The EU assumes now definitely the role of an active player in the economy, leaving behind the neoliberal doctrine; she suspends the restrictive budgetary policy, which prevented already in 2008 and the following years adequate solutions; she reshaped the control over its financial aid programmes so that harsh conflict between member states („troika“) are mitigated; the Union further refined the public private partnership mechanisms established unter the aegis of the European Investment Bank (EIB); the European Central Bank (ECB) assumes now a role still disputed after 2008; the flexibility clauses of the Lisbon Treaty, just put into force after 2008, are now extensively applied; and, more than anything else, the Union aims at a change of paradigm by putting the NextGenerationEU programme at the service of sustainable development (enshrined in the Green Deal).


2021 ◽  
Vol 2021 (11) ◽  
pp. 74-87
Author(s):  
Viktoriia KOLOSOVA ◽  

The article highlights the historical aspects of Ukraine's cooperation with two international financial institutions, which provide Ukraine with significant credit resources: the European Bank for Reconstruction and Development and the European Investment Bank. The structure of these institutions, the purpose of their work, means and methods of achieving the goals defined in the statutory documents were considered. The cooperation of Ukraine with the European Bank for Reconstruction and Development and the European Investment Bank on the implementation of investment projects in the public and private sectors was studied, the peculiarities of the project implementation were analysed and the factors that impact low disbursement were investigated. Attention is drawn to the importance of using investments from international financial organizations in full and the importance of further close cooperation with institutions that provide credit resources to Ukraine in periods when the state does not actively cooperate with the IMF. Generalised suggestions for improving Ukraine's cooperation with the European Bank for Reconstruction and Development and the European Investment Bank were prepared, separately for each bank, the steps that need to be taken to increase the disbursement of loans for investment projects implemented in Ukraine with international financial organizations were listed.


2021 ◽  
pp. 42-78
Author(s):  
Margot Horspool ◽  
Matthew Humphreys ◽  
Michael Wells-Greco

This chapter discusses the role and composition of the institutions of the EU. These include the European Council, the Council, the Commission, the European Parliament, the Court of Justice of the European Union (CJEU) and the General Court, the Court of Auditors, the European Economic and Social Committee (EESC), the Committee of the Regions (COR), the European Investment Bank and the European Central Bank. This chapter also discusses the EU’s associated bodies or agencies as well as their respective roles and the ways in which they interrelate with the EU institutions.


2020 ◽  
Vol 1 (1) ◽  
pp. 27-38
Author(s):  
Helen Kavvadia

Abstract The European Investment Bank (EIB), the primary financial arm of the European Union (EU) has become of central interest in the last ten years. The EIB has been increasingly solicited by the EU to bolster the European economy during the global crisis and support its recovery thereafter. Calls have recently been voiced for the EIB to contribute to the European Green Deal and the post-pandemic economic stimulus. This paper studies the EIB’s role in the European economy through its business model in the period from 2009–2019. The paper’s prime objective is to investigate what enabled the EIB to act in a countercyclical mode and how the EIB met the new economy needs in this turbulent environment.


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