European Union and EIB

EIB: But the biggest Luxembourg-based bank of all is EIB, and it merits few dark suspicions. Founded in 1958, EIB is a publicly owned bank that belongs to the European Union 28 member states, and its mission is to finance projects that are "policy-driven" - i.e. in tune with the public interest, as defined by EU member governments, according to Deutsche Welle. The primary task of EIB is to lend money to project developers for projects that are in line with EU economic, social and environmental criteria and Given the recent controversy over the role of Luxembourg in facilitating tax avoidance in Europe, the phrase "Luxembourg-headquartered bank" may conjure up dark suspicions in the minds of Europeans. What does EIB do? (news.financializer.com). As reported in the news.