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The European Investment Bank was created by the Treaty of Rome in 1958 as the long-term lending bank of the European Union. The task of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. Besides supporting projects in the Member States, its main lending priorities include financing investments in future Member States of the EU and EU Partner countries. The EIB operates on a non-profit maximising basis and lends at close to the cost of borrowing.

Documents

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Study on remittances sent by Mediterranean migrants from Europe Study on remittances sent by Mediterranean migrants from Europe

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Date added: 03/01/2008
Filesize: 262.54 kB
Downloads: 245
The study underlines the magnitude of the volume of funds transferred, examines the obstacles hampering remittances and proposes courses of action aimed at maximising their impact on the financing of the economies of the Mediterranean partner countries.

Study on improving the efficiency of workers’ remittances Study on improving the efficiency of workers’ remittances

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Date added: 03/13/2006
Filesize: 1.42 MB
Downloads: 242

This document is the first detailed analysis of financial flows from Mediterranean migrants in Europe, an overlooked subject that has not yet been fully measured. It shows, first, the extent of the phenomenon - some EUR 7 billion is officially transferred every year from Europe to eight Mediterranean countries - and, secondly, that the methods of transfer used do not enable this money to be put to sufficiently good use in order to finance productive investment.

Homepage: http://www.eib.org/