The Governors of the European Investment Bank have approved the nomination of Mr Philippe Maystadt for a second term as President of the Bank.

This second term will focus on the implementation of the strategy approved by the Bank's Board of Governors last June, the main lines of which are an emphasis on the development of innovative products for the financing of regional development, R&D and TENs (Trans European Networks) within the European Union and the Candidate Countries and the strengthening of the Bank's development role, especially in the Mediterranean Partner Countries (FEMIP) and in the ACP countries (Cotonou Facility).