Vice-President Östros’s areas of oversight include financing of energy, health and life sciences, EIB Global (development policy together with Vice-President Fayolle; pre-accession policy is with Vice-President Pavlova), financing operations in Austria, Estonia, Finland, Latvia, Lithuania, Sweden, Russia*, 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 Fayolle), relations with the EIB Group Audit Committee, corporate responsibility, diversity and inclusion, Legal – lending operations. Vice-President Östros also oversees relations with the European Anti-Fraud Office (OLAF) and the European Ombudsman, relations with the Gulf countries, relations with central banks' debt management offices, and relations with the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the Nordic Investment Bank (NIB).
The Solas Sustainable Energy Fund ICAV (SSEF), an EU-focused fund advised by Solas Capital AG targeting energy efficiency and behind-the-meter renewable energy investments, has reached final close with investment commitments of €220 million. A recent additional €80 million commitment from investors follows the launch of the fund with €140 million in February 2022. MEAG, the asset manager of Munich Re and ERGO, has contributed a substantial amount to SSEF on behalf of the Munich Re Group and other institutional investors.