003.02.01.0350 Regional economyhttps://ketlib.lib.unipi.gr/xmlui/handle/ket/1412024-03-28T11:20:40Z2024-03-28T11:20:40ZThe effect of EIB operations on private sector lending outside the European UnionPresbitero, Andrea F.Gatti, MatteoGorea (, Denishttps://ketlib.lib.unipi.gr/xmlui/handle/ket/39702023-06-22T00:05:35Z2023-06-14T00:00:00ZThe effect of EIB operations on private sector lending outside the European Union
Presbitero, Andrea F.; Gatti, Matteo; Gorea (, Denis
Does an increase in lending by multinational development banks affect the private lending
activity in developing countries? We show that this is indeed the case using data on loans and
investments by the European Investment Bank (EIB) in combination with data on syndicated loans.
We find that a pronounced increase in EIB operations is followed by a surge in the number and
volumes of syndicate loans in countries outside the European Union. Our results suggest that
multinational banks can incentivize private sector lending by playing an important role in signaling
to private markets that borrowers in emerging and developing countries are safe.
JEL Classification Numbers: F21, F34, H81; The effect of EIB operations on private sector lending outside the European Union+ Matteo Gatti * Denis Gorea∆ Andrea F. Presbitero # June 2023 Abstract: Does an increase in lending by multinational development banks affect the private lending activity in developing countries? We show that this is indeed the case using data on loans and investments by the European Investment Bank (EIB) in combination with data on syndicated loans. We find that a pronounced increase in EIB operations is followed by a surge in the number and volumes of syndicate loans in countries outside the European Union. Our results suggest that multinational banks can incentivize private sector lending by playing an important role in signaling to private markets that borrowers in emerging and developing countries are safe. JEL Classification Numbers: F21, F34, H81 Keywords: European Investment Bank, Financial assistance, Financial conditions, Public and private lending, Syndicated loans *EIB, m.gatti@eib.org; ∆ EIB, d.gorea@eib.org; # IMF and CEPR, apresbitero@imf.org + We thank Frank Betz and Emily Sinnott for helpful suggestions. The views expressed here are those of the authors and should not be attributed to the European Investment Bank or the International Monetary Fund, their Executive Boards, or their management.; DOI: 10.2867/455760
2023-06-14T00:00:00ZRecovery and resilience scoreboard. SME Support.European Commissionhttps://ketlib.lib.unipi.gr/xmlui/handle/ket/39182023-02-17T01:05:29Z2022-01-01T00:00:00ZRecovery and resilience scoreboard. SME Support.
European Commission
Small and medium-sized enterprises (SMEs) are the backbone of Europe's economy, representing 99% of all
businesses in the EU, employing two thirds of the EU workforce and accounting for more than half of value added. They are
adding value in every sector of the economy, from services to manufacturing, and innovation activity, and are central to the
EU’s twin transitions toward a sustainable and digital economy.
RECOVERY AND RESILIENCE SCOREBOARD Thematic analysis SME Support This paper is part of a series of thematic analysis undertaken by the European Commission to illustrate the impact of the Recovery and Resilience Facility (RRF). The RRF is the European Union’s largest ever funding instrument and is intended to support European economies and societies to recover from the Covid-19 pandemic and build resilience against future shocks. EU Member States commit to implement ambitious reforms and investments and receive funds from the RRF when they achieve these commitments.
2022-01-01T00:00:00ZStudy on providing public transport in cross-border regions – mapping of existing services and legal obstaclesDirectorate-General for Regional and Urban Policy (European Commission)EureconsultSpatialhttps://ketlib.lib.unipi.gr/xmlui/handle/ket/38572022-05-27T00:05:42Z2022-02-24T00:00:00ZStudy on providing public transport in cross-border regions – mapping of existing services and legal obstacles
Directorate-General for Regional and Urban Policy (European Commission); Eureconsult; Spatial
This case study report presents the business model for the cross-border rail service
between Berlin (Germany) and Kostrzyn nad Odrą1 (Poland). This report is part of a
series of 31 case studies developed in the framework of the study ‘Providing public
transport in cross-border regions – Mapping of existing services and legal obstacles’.
Spatial Foresight in cooperation with TCP international, TRT trasporti e territorio and
EureConsult completed this study for the European Commission’s DG REGIO.
The case studies highlight a variety of business models for cross-border public transport
services. This includes governance arrangements and operational provisions to develop
the service and address demand in border regions. These aspects will be introduced in
section 2, as well as the territorial scope of the service. Section 3 presents key obstacles
related to the business model as well as solutions. Section 4 is about lessons learnt from
this case.
This case study presents the rail connection between Berlin (Germany) and Kostrzyn
(Poland). It is an important German-Polish cross-border service which connects the
metropolitan region around Berlin and the Polish network. This report emphasises
different national legal and administrative frameworks and language barriers as key
challenges when developing and implementing cross-border public transport services.
This case study is based on publicly available reports and websites as well as interviews
with experts from the regional transport association for Berlin-Brandenburg,
Verkehrsverbund Berlin-Brandenburg (VBB) and Lubuskie Voivodship
DOI 10.2776/291121; Catalogue number KN-09-22-092-EN-N; Mapping of existing services and legal obstacles : rail link RB 26 Berlin (Germany) – Kostrzyn nad Odrą (Poland) : case study report
2022-02-24T00:00:00ZMethodology to monitor the implementation of the ’European code of good conduct for microcredit provision’ by microcredit providers : microcredit provider guidelines, version 1.0.European Commission. Directorate-General for Regional Policyhttps://ketlib.lib.unipi.gr/xmlui/handle/ket/7772019-06-04T08:13:15Z2013-01-01T00:00:00ZMethodology to monitor the implementation of the ’European code of good conduct for microcredit provision’ by microcredit providers : microcredit provider guidelines, version 1.0.
European Commission. Directorate-General for Regional Policy
These provider guidelines are intended to support microcredit providers wanting to implement the ’European code of good conduct for microcredit provision’. The guidance is aimed at management and staff of microcredit providers, but stakeholders and the evaluators may also find it useful. The main purpose of the document is to provide a clear overview of the code and evaluation process, and to offer guidelines for implementing the code and assessing applicability of and compliance with the clauses of the code.
2013-01-01T00:00:00Z