Suchergebnisse

Wide-ranging reforms linked to Georgia's EU aspirations have strengthened its economy and improved living standards. Nevertheless, further reforms are still needed and the Covid-19 pandemic has had a big impact on the hospitality sector, which has been a key driving force behind the country's strong growth in recent years. To continue its economic convergence with the EU, Georgia needs to strengthen the conditions for its private sector to thrive. This report aims to identify the key challenges and opportunities for promoting private sector development and investment in Georgia. Written and researched together with the EBRD, it reviews the political and economic environment and then digs deeper into issues of public and private governance, human capital formation, gender inequalities and access to finance, particularly for SMEs. The report also looks at Georgia's external competitiveness and its infrastructure needs, with a particular focus on the energy sector in the context of climate change.

The Winter Online Lecture Series on Europe will take place in December 2021 in connection with the courses "History of European integration (1919-1993)" (MAHEC-S1-M6i) and "Economic and social history of Europe after 1945" (MAHEC-S3-M5iii) from the Master in European Contemporary History, and the course "Democratic transitions in Central and Eastern Europe" (BCE-EU-301-04) from the Bachelor in European Cultures, with the aim of giving students on these programmes, as well as the wider academic community at the University of Luxembourg, the opportunity to find out about the history and workings of the European institutions in Luxembourg from new and unconventional angles and to discuss some of the milestones in contemporary European history with people who were involved in or witnessed these events. Each session (in French, with Q&A session in French and English) will be streamed via Webex and will include a presentation by a speaker, followed by a discussion with the audience and the opportunity to ask questions.

At the crossroad of Europe and Sub-Saharan Africa, the Atlantic and the Mediterranean, Morocco is a key partner of our institutions. Morocco is rich in history and tradition, economic and human resources. The emergence of a dynamic and broad-based private sector can become a powerful driver of job creation, social inclusion and economic resilience. This is all the more important in the wake of an unprecedented crisis that has hit the world economy with no exceptions. In 2020, the AfDB, EBRD and EIB together provided more than MAD 18.6 billion (of which more than MAD 4 billion for the AfDB, MAD 7.9 billion for the EBRD, and MAD 6.7 billion for the EIB) in financing for development in Morocco. This report has been jointly prepared by the African Development Bank (AfDB), the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).

The greatest challenges we face to today are global. This is true for climate change and the need to build new models of sustainable and resilient development. It is equally true for the coronavirus pandemic that threatens to erode some of the progress made on poverty reduction around the world. As the world's largest multilateral development bank, the European Investment Bank (EIB) has the means, and the experience, to help nations outside of Europe meet these challenges. Our report, Global Reach: The Impact of the EIB beyond the European Union, looks at our projects outside of Europe that bring clean water, green energy, new infrastructure and funds for small and female-owned businesses. Our projects provide the kind of support societies need to advance, and to advance in a way that will last well into the future.

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.

AbstractThe European Investment Bank (EIB) constitutes one of the main institutional pillars upon which the European Union (EU) was built. Despite this, the institution has attracted surprisingly little research. The EIB Statutes can be boiled down to three overarching objectives that its lending would prioritize – development, integration and investment – but little is known about the extent to which EIB loans fulfil each objective in practice. This article breaks new ground by providing the first comprehensive qualitative and quantitative analysis of EIB loans from its origins to the end of the Cold War. To do so, lending patterns were reconstructed drawing on extensive archival work. Results show that the EIB was the first International Financial Institution to place integration and development above the alleviation of capital constraints.

Any concerns about an EIB Group activity or project? The Complaints Mechanism listens to citizens and ensures their voice can be heard. Have a look at its Activity Report for 2020. 2020 was a particularly challenging year amid the COVID-19 pandemic crisis. The EIB Group Complaints Mechanism (EIB-CM) had to find innovative ways to not only handle complaints but also interact with its key stakeholders. In 2020, the EIB-CM registered 77 new cases, handled 137 cases and closed 94 of them. The number of outstanding complaints at year-end has continued to decrease, from 89 in 2018 to 60 in 2019 and to 43 in 2020. The EIB-CM managed to close most long-overdue cases during the year. A number of highly complex cases were closed in 2020, including Nenskra HPP (Georgia), Réseau Ferroviaire Rapide (Tunisia) and Cairo Metro Line (Egypt). The key achievements are reflected in the annually published Complaints Mechanism Activity Report, which gives an overview of how through its actions the EIB Group remains accountable to the public.

Supporting sustainable and inclusive growth is at the heart of the EIB Group's lending. The EIB Group 2020 Sustainability Report looks at the impact of our global activities and our own corporate responsibility efforts. The Sustainability report should be read in conjunction with its two annexes: the GRI and SASB disclosures.

Every year, the EIB takes a hard look at the work we do across Europe. We want to see if we are meeting goals for innovation, small businesses and the climate. We want to be sure that our projects are making a big difference in people's lives. One day our work might involve investments in better trains that encourage people to use fewer cars or new rockets that help Europe stay competitive in space. Another day, we might help the expansion of high-speed internet in people's homes or improve scientific research in a university. Take a peek inside this report to see more examples of how we improve lives.

The European Investment Bank has launched a large scale survey across Europe, China and the US. Goal of the survey was to find out about: Citizens' perception about the extent of climate change Citizens' individual commitments to fight climate change Citizens' solutions for climate change Responsibility for fighting climate change The findings are particularly relevant at a time when climate is one of the top priorities in the EU's agenda, and following the EIB's adoption of a new, fossil-fuel free energy lending policy and a new climate roadmap. Conducted in partnership with market research firm BVA, the survey aims to inform the broader debate on citizens' attitudes and expectations in terms of climate action in the European Union, the United States and China. "Listening to citizens' attitudes is key for us to make sure we address their concerns, while leaving no one behind", Vice-President Emma Navarro

The Investment Report, issued annually by the European Investment Bank, provides a comprehensive overview and analysis of investment and the financing of investment in the European Union. It combines the exploration of investment trends with in-depth analysis, focusing especially on the drivers and barriers to investment activity. The report leverages on a unique set of databases and survey data, including EIBIS, an annual survey of 12 500 firms in Europe, which focuses on their assessment of investment and investment finance conditions, and which allows analysis with firm balance sheet information. The report provides critical inputs to policy debates on the need for public action on investment, and on the types of intervention that can have the greatest impact.