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The Luxembourg-based European Investment Bank. It is owned by EU member states and has discretely grown into the largest multilateral borrower and lender in the world, with capital of €275 billion. (Photo: Adriana Homolova)

Investigation

The discreet banker of Africa development

There is a cold wind whistling a tune through the flagpoles that stand at the entrance of the headquarters of the European Investment Bank (EIB). Accompanied by the quiet humming rhythms of the Grand Duchy of Luxembourg’s traffic, the glass building does its best to look unassuming.

After all, discretion has always been a highly-prized quality of the Luxembourg financial industry.

And it seems that, over the last decades, it has perfectly suited how the EIB wants to appear: a qui...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

The Luxembourg-based European Investment Bank. It is owned by EU member states and has discretely grown into the largest multilateral borrower and lender in the world, with capital of €275 billion. (Photo: Adriana Homolova)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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