European Investment Bank (EIB) is the European Union’s long-term lending institution. Established in 1958 under the Treaty of Rome, EIB is a “policy-driven bank” whose shareholders are the member states of the EU. EIB uses its financing operations to bring about European integration and social cohesion. EIB provides financial expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. More than 90% of the bank’s activities are focused on Europe, but it also supports the EU’s external and development policies.
The first assistance to Maldives from EIB was received in 2006 for an amount of EUR 50 million for a credit line through BML for resorts and guest house operations. In 2016, the Government also signed EUR 45 million facility for financing of outer islands energy project.
EIB in the Maldives
|2016||Maldives Sustainable Energy Development Project||EUR||45,000,000|
|2006||Post Tsunami Line of Credit||EUR||50,000,000|