Folleto Informativo del BEI No.2

The document describes the European Investment Bank (EIB) as a public bank that operates like a private one, providing long-term financing to support EU objectives. It details the EIB's governance structure, including the Board of Governors, the Board of Directors, and the Management Committee. The text argues that the EIB lacks sufficient oversight, transparency, and adherence to current EU environmental regulations, particularly in its projects outside the EU. It also highlights the EIB's reliance on private banking partnerships and its complex legal relationship with EU oversight bodies like OLAF and the European Court of Auditors.

• The EIB's governance structure is characterized by a lack of rigorous project oversight; the Board of Directors meets only 10 times a year to review over 300 projects, meaning most are not analyzed thoroughly regarding environmental or social impacts.
• The EIB operates with a 'double personality,' functioning as a public bank that behaves like a private one, which allows it to maintain autonomy from EU institutional systems and avoid strict adherence to EU policies.
• The EIB is criticized for having poor transparency and failing to apply current EU environmental regulations, lagging behind other institutions like the World Bank and the EBRD.
• The EIB's partnerships with private banks allow it to fund large-scale projects but result in the delegation of social and environmental responsibilities to entities that may not prioritize them, and often restrict public access to information.
• Between 1999 and 2003, the EIB provided 185,909 million euros in total loans, with the vast majority directed toward the European Union and accession countries, while approximately 18% of total loans are directed to countries outside the EU.
• The European Court of Justice ruled that while the EIB has some independence, it is not completely independent of the EU and must comply with community law, specifically granting OLAF oversight power over the EIB.

APA

Friends of the Earth International (2004). Folleto Informativo del BEI No.2. https://www.foei.org/wp-content/uploads/2020/12/EIBFactSheet2Spabril.pdf

Chicago

Friends of the Earth International. Folleto Informativo del BEI No.2. 2004. https://www.foei.org/wp-content/uploads/2020/12/EIBFactSheet2Spabril.pdf.

Wikipedia

{{cite report |author=Friends of the Earth International |title=Folleto Informativo del BEI No.2 |date=September 2004 |url=https://www.foei.org/wp-content/uploads/2020/12/EIBFactSheet2Spabril.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{friendsoftheearthinternational2004folleto, author = {{Friends of the Earth International}}, title = {{Folleto Informativo del BEI No.2}}, institution = {Friends of the Earth International}, year = {2004}, month = sep, url = {https://www.foei.org/wp-content/uploads/2020/12/EIBFactSheet2Spabril.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }