Editing European Investment Bank (section)

==== External control bodies ====
The EIB also cooperates with independent control bodies: the [[European Court of Auditors]], the [[European Anti-Fraud Office]] (OLAF) and the [[European Ombudsman]].<ref name="auto"/><ref name="Governance and structure"/> According to Article 287(3) of the [[Treaty on the Functioning of the European Union|Treaty on the Functioning of the EU]] (TFEU), the European Court of Auditors has access to information required for the audit of the European Union's expenditure and revenue managed by the EIB.<ref>{{Cite web|title=C_2016202EN.01017001.xml|url=https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:12016E287&from=EN|access-date=2021-04-28|website=eur-lex.europa.eu}}</ref> This means that the Court of Auditors is authorised to audit loan operations that are under the mandate conferred by the EU or that are guaranteed by the general EU budget and administered by the EIB.<ref>{{Cite web|title=European Court of Auditors|url=https://www.eib.org/en/about/eu-family/eca.htm|access-date=2021-04-28|website=EIB.org|language=en}}</ref> The bank further collaborates with the European Anti-Fraud Office ([[European Anti-Fraud Office|OLAF]]) to combat fraud and corruption within European Institutions.<ref>{{Cite web|title=European Anti-Fraud Office|url=https://www.eib.org/en/about/governance-and-structure/control-evaluation/olaf.htm|access-date=2021-04-28|website=EIB.org|language=en}}</ref><ref>{{Cite web|title=European Anti-Fraud Office|url=https://ec.europa.eu/anti-fraud/home_en|access-date=2021-04-28|website=European Anti-Fraud Office – European Commission|language=en}}</ref> Based on a [[memorandum of understanding]] between the European Investment Bank and the European Ombudsman, EU citizens can escalate their concerns regarding an EIB project, policy or activity to the European Ombudsman if the outcome of the EIB's Complaints Mechanism is not satisfactory.<ref>{{Cite web|title=European Ombudsman|url=https://www.eib.org/en/about/governance-and-structure/control-evaluation/ombudsman.htm|access-date=2021-04-28|website=EIB.org|language=en}}</ref>