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This version of Europe Gateway is outdated since April 25, 2014.
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European union / EU institutions / Financial bodies
The European Central Bank (ECB) was set up in 1998, under the Treaty on European Union, and it is based in Frankfurt
(Germany). Its job is to manage the euro – the EU’s single currency. The ECB is also responsible for
framing and implementing the EU’s economic and monetary policy.
To carry out its role, the ECB works with the ‘European System of... |
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European union / EU institutions / Financial bodies
The European Investment Bank (EIB) was set up in 1958 by the Treaty of Rome. Its job is to lend money for projects of
European interest (such as rail and road links, airports, or environmental schemes), particularly in the less well-off
regions, candidate countries and the developing world. It also provides credit for investment by small businesses.
Philippe Maystadt, from... |
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European union / EU institutions / Financial bodies
The European Bank for Reconstruction and Development was established in 1991 when communism was crumbling in central
and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment.
Today the EBRD uses the tools of investment to help build market economies and democracies in 27 countries from central
Europe to central Asia.... |
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European union / EU institutions / Financial bodies
The European Investment Fund (EIF) was set up in 1994 to help small businesses. Its majority shareholder is the
European Investment Bank, with which it forms the ‘EIB Group’
What does the Fund do?
The EIF provides venture capital for small firms (SMEs), particularly new firms and technology-oriented businesses. It
also provides guarantees to financial institutions (such as... |
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European union 
