The European Investment Bank is the lending arm of the European Union. Our shareholders are the EU Member States, and it is these countries that shape our approach to the projects we finance and help steer policy. It would be impossible for the EIB to finance the large range of projects without the backing of the EU Member States and the European Commission. This applies to both Investment Facility operations and the activities funded from our own resources. For these reasons, the Investment Facility Committee is a hugely important point of contact between the Bank and the EU countries.