In the face of continuing financial and economic crises in Europe, the European Investment Bank (EIB) has been criticized for being overly-conservative in its loans to Europe. Critics in particular have called on the EIB to vastly increase its investment in utilities as a counter-cyclical...

Objective – Sustainable development is a multidimensional concept and therefore requires a varied, nonetheless integrative approach to decision making, creation of policies and fundraising. The aim of this paper is to bring about the main sources of financing sustainable development, as well...

In the renegotiations of the Lomé Convention (1998-2000) not only trade issues but also the aid relationship were under review. A major challenge is induced by the EU's proposal of shifting the aid allocation from needs to merit criteria. Our regression analysis shows, however, that EU aid was...