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), development (policy and horizontal issues, jointly with Vice-President Östros), 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  the relations with international financial institutions, coordination with multilateral development banks (MDBs), the relations with the International Monetary Fund (IMF), the World Bank (WB) and the European Central Bank (ECB).