EIB lays out steps towards an innovation Europe at major New York conference

Vice-Presidents Ambroise Fayolle, Andrew McDowell and Chief Economist Debora Revoltella joined thought leaders at the 2-day “Global Implications of Europe’s Redesign” conference in New York on EU-US economic trends. They have been laying out the key role of the European Investment Bank.     VP Ambroise Fayolle delivered a key note speech at the event which was organised in partnership with the EIB, Columbia University’s Center on Global Economic Governance, SUERF- The European Money and Finan…

Malawi authorities uncover corruption with EIB help

Staff from the EIB’s Inspectorate General have assisted the Malawi Anti-Corruption Bureau (ACB) on an ACB investigation into allegations of corrupt payments in the award of a contract issued by the Lilongwe Water Board (LWB). The contract allegedly affected by these allegations was financed from the national budget along with a loan from the European Investment Bank. Two people have been arrested as part of this operation and computer equipment has been seized from several individuals. Deputy…

EIB to open first Dublin office before year end

The European Investment Bank expects to open its first permanent presence in Ireland later this year. The plans were confirmed by Andrew McDowell, the new European Investment Bank Vice President responsible for Ireland during his first working visit to Dublin since assuming office earlier this month. “The European Investment Bank has played a key role in supporting Ireland’s economic recovery in recent years and unlocking new investment across the country for the last 4 decades. It is essenti…

Luís SARAMAGO, alternate member of the Board of Directors

By letter dated 7 September 2016, the Portuguese Republic nominated, by common accord with the Kingdom of Spain, Mr Luís SARAMAGO (Deputy Director General for Economic Policy and International Relations, Ministry of Finance) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Ms Carla DÍAZ ÁLVAREZ de TOLEDO, who had tendered her resignation. By letter dated 9 September 2016, the Board of Governors was invited to vote on the proposed appointment. The decision…

Francesca Mercusa, alternate member of the Board of Directors

By letter dated 1 September 2016, the Italian Republic nominated Ms Francesca MERCUSA (Director, Directorate of International Financial Relations, Department of the Treasury) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Mr  Adolfo DI CARLUCCIO, who had tendered his resignation. By letter dated 8 September 2016, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Ms Francesca MERCUSA was taken on 21 September…

Marinela Petrova, full member of the Board of Directors for the Republic of Bulgaria

By letter dated 26 August 2016, the Republic of Bulgaria nominated Ms Marinela PETROVA (Deputy Ministry of Finance) for appointment as a Full Member of the Board of Directors of the EIB to succeed Ms Karina Karaivanova, who had tendered her resignation. By letter dated 29 August 2016, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Ms Marinela PETROVA was taken on 15 September 2016, the date on which the requisite majority of Governors’ votes wa…

Arnaud Delaunay, alternate member of the Board of Directors

The French Republic nominated Mr Arnaud DELAUNAY (DG Trésor − Head of Unit, European bilateral relations and financial instruments) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Ms Alice TERRACOL, who has tendered her resignation. By letter dated 30 August 2016, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Mr Arnaud DELAUNAY was taken on 15 September 2016, the date on which the requisite majority of Go…

European Investment Bank comment on misleading Climate Action Network report

The European Investment Bank (EIB) attaches great importance to engaging with civil society and ensuring that policies and lending activity reflect the recognition of the importance of climate action, that the EIB shares with a broad range of stakeholders. The EIB notes the publication of the “Connecting the dots” report by the Climate Action Network (CAN) and regrets that no effort was made by CAN to discuss the report with the EIB before publication. In support of the Paris Agreement, the E…