The European Investment Bank (EIB) is the lending arm of the European Union, established in 1958. It provides financing for projects that promote EU policy objectives, such as infrastructure development, environmental sustainability, and innovation. The EIB aims to support economic growth and job creation across Europe. The bank raises funds by issuing bonds in the financial markets, which it then uses to provide loans and guarantees to public and private sector projects. The EIB works closely with other EU institutions and member states to ensure that its investments align with broader economic and social goals.