European Investment Bank
noun
BANKING,FINANCEukus(abbreviationEIB)abankownedby thecountriesof theEuropeanUnion, whichraisesmoneytoinvestinprojectstoencourageeconomicdevelopment,especiallyinpoorareasof EUcountries:
TheEuropeanInvestment Bank hasbecomethemainfinancingvehiclefor newinvestmentin EUtransport,telecommunicationsandenergy.