Vice-President Fayolle's areas of oversight include financing of environment, climate action and the circular economy, the European Fund for Strategic Investments (EFSI) (until end-2020), EIB Global (development policy together with Vice-President Östros; pre-accession policy is with Vice-President Pavlova), financing operations in France, Germany, the ACP countries (Africa and the Pacific – except the Caribbean States and the Community of Latin American and Caribbean States (CELAC), jointly with Vice-President Östros), OCTs and South Africa. Vice-President Fayolle also oversees relations with international financial institutions, coordination with multilateral development banks (MDBs), and relations with the International Monetary Fund (IMF), the World Bank (WB) and the European Central Bank (ECB).
The EIB Group invested nearly €10 billion in France in 2022
The EIB Group had a very busy year in France, directly or indirectly providing nearly €10 billion in long-term financing to the private sector and regional authorities: €8.4 billion from the European Investment Bank (EIB) and €1.5 billion from the European Investment Fund (EIF), which focuses on financing small and medium-sized enterprises (SMEs).