Giorgio Napolitano, President of the Italian Republic and Mr Werner Hoyer, President of the EIB
The President of the Italian Republic, Giorgio Napolitano, welcomed on June 2nd the President of the EIB, Werner Hoyer, and Vice President Dario Scannapieco. The meeting focused on the general economic situation both in Europe and in Italy, the role of the EIB in the recovery plan and the EIB lending activity in Italy. Since the beginning of 2014 the EIB has financed projects totalling some EUR 5 bn, especially concentrated on SMEs, and in projects aimed at tackling youth unemployment.
In a significant step towards deepening international development cooperation, the European Investment Bank (EIB) and CAF Development Bank of Latin America and the Caribbean signed a memorandum of understanding today during a high-level meeting with Community of Latin American and Caribbean States (CELAC) finance ministers and financial institutions operating in the Latin America and the Caribbean region, in advance of the Fourth International Conference on Financing for Development (FFD4) held in Seville.
The Heads of Multilateral Development Banks (MDBs) met today in Paris, hosted by the Council of Europe Development Bank (CEB), which currently chairs the Heads of MDBs Group. The meeting focused on advancing their joint efforts to address development priorities.
The European Investment Bank Group and the European Commission agreed to simplify State aid rules in relation to EIB Group financing, in a step to further facilitate support for Europe’s industry and economic competitiveness.