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).
EIB Group creates Climate and Environment Advisory Council
The European Investment Bank (EIB) Group has created a Climate and Environment Advisory Council that will provide independent advice and expertise on the activities that the EIB Group is carrying out to reach its climate action and environmental sustainability ambitions.