| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2012) 637 final (7.11.12) |
| Publication Date | 07/11/2012 |
| Content Type | Policy-making, Report |
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Decision No 1080/2011/EU of the European Parliament and of the Council requires the Commission to report annually on European Investment Bank (EIB) financing operations carried out under the EU guarantee. This report builds on yearly reports provided by EIB and covers 2011 activity under EIB external mandate. The present report does not therefore refer to developments that occurred in 2012, in particular the endorsement by the June 2012 European Council of an EIB capital increase. Outside the EU, in the regions covered by the mandate, the EIB provides loans and loan guarantees with the cover of the EU guarantee or at its own risk under the framework of Article 16 of its Statute. The present report reviews EIB financing operations under mandate and provides a summary of the own risk operations in 2011. The EIB operations in Africa, Caribbean and Pacific (ACP) as well as in Overseas Countries and Territories (OCT) are covered in a separate annual report. More detailed information and statistical tables on the above activities, including at project, sector, country and regional level, are provided in the attached Staff Working Document (SWD). Another SWD includes the Regional Technical Operational Guidelines developed jointly by the Commission and the EIB, in consultation with the European External Action Service, in accordance with Article 6 of the Decision which sets out the contribution of EIB financing operations under the mandate to the Union policies. |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2012:0637:FIN:EN:PDF |
| Related Links |
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| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe |
