The Council of Europe Development Bank (CEB) and the European Investment Bank (EIB) co-hosted the annual meeting of the Heads of Compliance and Integrity Functions of Multilateral Development Banks (MDB) at the CEB headquarters in Paris on 14-15 March.
Representatives from 14 MDBs in Europe, the Americas, the Caribbean, Asia and Africa discussed recent developments in the field, including integrity due diligence in the private sector and non-sovereign guaranteed operations; the international tax agenda and implications for operations; and best practices for ensuring consistent treatment of integrity issues across MDBs.
Launched in 2010, the meeting has become an annual event involving the Compliance and Integrity Functions of the MDBs. Its purpose is to foster exchange of information, improve responsiveness to compliance issues, and establish closer working contacts.
In his opening address, Rolf Wenzel said: “Harmonising integrity enforcement and monitoring across regions is crucial to strengthening compliance and ensuring that we remain relentless in our common fight against harmful tax practices and corruption. Meetings such as this are instrumental in that respect, and I am delighted that the CEB is welcoming today MDB representatives from all around the world for this year’s annual conference.”
“International public banks must not only demonstrate a shared commitment to fighting corruption, tax avoidance, money laundering and financing terrorism, but continually build on shared technical, financial and regulatory experience gained across different sectors and from around the world. The European Investment Bank firmly shares this common resolve with the world’s leading Multilateral Development Banks and other financial partners, and is pleased to jointly host this year’s compliance and integrity meeting with the Council of Europe Development Bank,” said Jonathan Taylor, European Investment Bank Vice President.
European Investment Bank President Nadia Calviño today shared with EU finance ministers an ambitious strategy to build on the strengths of the EIB Group, focus on eight core policy priorities and deploy the full potential of the institution to boost growth and social and territorial cohesion, and support Europe’s leadership in the twin green and digital transitions, as well as increasing Europe´s competitiveness, open strategic autonomy and economic security.
The development finance arm of the European Investment Bank – EIB Global – signed today a memorandum of understanding (MoU) with PT Sarana Multi Infrastruktur (Persero) (PT SMI), an Indonesian state-owned enterprise acting as a catalyst for sustainable development. The memorandum of understanding advances their joint commitment to accelerating sustainable infrastructure development in Indonesia, including to facilitate a sustainable energy shift in the country in line with the Just Energy Transition Partnership (JETP).
The European Investment Bank (EIB), BNG Bank and ETZ hospital group have signed lending agreements worth €115 million to support the hospital group with the first phase of the new construction process on its St Elisabeth site in Tilburg. The hospital group will borrow €100 million from the EIB and a further €15 million from BNG Bank. The financing will be used to gradually renew virtually all of ETZ’s hospital infrastructure. In this way, ETZ aims to optimise the quality, cost effectiveness and sustainability of its healthcare activities, and provide both patients and staff with an optimal level of comfort. It is expected that a further €100 million in EIB financing in support of the second phase of investments will be signed in the coming years.