Themes: growth of EIB activity from narrow base. How objectives are set, carried out and controlled. Interpretative teleology of its Statute. Presence in world capital markets. EIB as countercyclical Keynesian instrument and model for US growth programme. EIB struggle for autonomy and resolution of conflicting aims and interests. Contrast, legal, political and financial, with other global financial organisations. Assessment of EIB impact as agent of change. Spheres for academic research and civil society engagement.