Vice-President Östros’s areas of oversight include financing of energy, health and life sciences, development (policy and horizontal issues, jointly with Vice-President Fayolle), 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 and the Baltic Sea strategy. Vice-President Östros also oversees the relations with the European Anti-Fraud Office (OLAF) and the European Ombudsman, the relations with the Gulf countries relations with central bank debt management offices, relations with the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the Nordic Investment Bank (NIB).
Latest news and speeches
One year after the launch of its SheInvest initiative at the end of 2019, the European Investment Bank (EIB) reached its initial target to mobilise a total of €1 billion in gender-lensinvestment that is set to boost gender equality and female economic empowerment across Africa. Given the success of its initiative, the EIB now commits to double its ambition and mobilise €2 billion of gender-responsive investment across the continent.
The European Investment Bank has signed a guarantee agreement with OP Bank in Finland to allow OP to bring new financing worth 300 million euros to mid-size Finnish companies. The aim is to support companies in making new investments and recovering from the Covid-19 pandemic. Financing guaranteed by the EIB and intermediated by OP is intended to finance profitable investments and the working capital of companies. The EIB’s guarantee will cover €195 million (65%) of the 300-million-euro financing targeted at mid-size companies. The guarantee forms part of the European Guarantee Fund's (EGF) guarantee programme, and the agreement will be valid until the end of 2021.