3
jun
2003
Luxembourg, Luxembourg

On 3 June 2003, at its headquarters in Luxembourg, the European Investment Bank will hold the Annual General Meeting of its Board of Governors. The Board of Governors consists of Ministers nominated by each of the Member States, usually Ministers of Finance, Economic Affairs or the Treasury. They represent the Bank's shareholder Member States. On this occasion, having received the report of the Audit Committee, they will approve the financial statements, including the balance sheet and profit and loss account, and the Annual Report for the year under review (2002). They will also define general directives on the credit policy of the institution.

A press conference will be held from 12pm
Centre de conférences - Bâtiment Tour - Room A
Luxembourg - Kirchberg

A press release as well as the Annual Report will become available following the press conference. The press release will cover a number of important topics examined by the Governors, including:

  • New lending strategy for the Accession Countries; information on the Bank's activities in Central and Eastern Europe, and Cyprus and Malta, is available here: www.eib.org/enlargement
  • Launch of the "Innovation 2010 Initiative"; following the implementation of the "Innovation 2000 Initiative" (i2i) in response to the Lisbon European Council (March 2000) and acting upon the Stockholm European Council (March 2001) and the Barcelona European Council (March 2002), the EIB organized its lending strategy in these sectors to ensure that financing of projects which support innovation remains a priority until 2010. (www.eib.org/i2i)
  • Launch of the ACP Investment Facility: From 2003 to 2008, the EIB will lend 3.9 billion EUR to the ACP countries, for projects which encourage the development of the business sector, or for projects from the public sector, where these are commercially-run. This new facility will be launched in Luxembourg on 2 June. (www.eib.org/acp)
  • Progress report on the Facility for Euro-Mediterranean Investment and Partnership (FEMIP): Launched in Barcelona on 18 October 2002 by the 27 Finance Ministers of the European Union and the Mediterranean Partner Countries (MPC), FEMIP represents an major step forward in the economic and financial cooperation between the Union and the MPC. (www.eib.org/femip)