On June 9 European Investment Bank (EIB) (AAA/Aaa/AAA) announced that its funding volume target for this calendar year has been revised down to €70 billion (US$84 billion), from the previous projection of €80 billion. Eila Kreivi, head of funding for the Americas and Asia Pacific at EIB in Luxembourg, says the lower funding volume is a result of revised lending plans for EIB's clients this year and supports the supranational's contention that it will not be called upon to fund any sovereign bailouts.