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The EIB prioritises projects addressing inequalities by providing jobs and education, public infrastructure and services, a sustainable environment across the European Union. [85] The EIB's annual target for cohesion financing is 30% of all new operations in the EU, Pre-Accession and EFTA countries which amounted to €16.13 billion in 2019. [86]
European Investment Bank (EIB) Islamic Development Bank (IsDB) Asian Development Bank (ADB) European Bank for Reconstruction and Development (EBRD) CAF – Development Bank of Latin America and the Caribbean (CAF) Inter-American Development Bank Group (IDB, IADB) African Development Bank (AfDB) New Development Bank (NDB) Asian Infrastructure ...
In the context of the EU’s investment banking, the EBRD and the EIB have been involved in a rivalry regarding the status of the “EU’s premier development bank”. Major criticism about the EBRD in this situation is related to the fact that non-EU countries are also important shareholders whereas the EIB is completely owned by the EU. [15]
The European Court of Auditors (ECA; French: Cour des comptes européenne) is the supreme audit institution of the European Union (EU). It was established in 1975 in Luxembourg and is one of the seven EU institutions. [1]
In 2022, the EIB Group contributed €28.4 billion to initiatives in cohesion areas and €16.2 billion in climate action and environmental sustainability. [36] 44% of the EIB Group's overall loan in the European Union in 2022—or €28.4 billion—went to projects in cohesion areas. In the same year, projects with a combined investment cost ...
Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly ...
The Commission task force worked with the European Court of Auditors, the Wise Men committee, the World Bank and the EIB in developing the new control framework. Before this could be implemented, the Financial Regulation of the Commission needed to be changed (requiring a vote by all member states ) to abolish the centralized ex-ante controls ...
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