It's a theme resonating in many of the corridors and meeting rooms around this year's Spring meetings of the World Bank Group - but the conversation on multilateralism at the Atlantic Council between EIB President Werner Hoyer and former World Bank chief and former US trade envoy Robert Zoellick offered some fresh perspectives.
The conversation ranged from reflections on the new US administration, China as a "responsible stakeholder", to the value of Multilateral Development Banks like the EIB and the World Bank and how working together can help tackle challenges like migration and climate change.
“By simply walking away from a group of cooperative people you don't get stronger, you get lonely. We need to move away from zero sum thinking,” Werner Hoyer, President of the EIB
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.
By letter dated 11 June 2020, Mr Audrius LINARTAS (Executive Director at the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance, Lithuania) was nominated by the Republic of Lithuania, by common accord with the constituency of the Republic of Estonia, the Republic of Latvia, the Republic of Austria, the Republic of Finland and the Kingdom of Sweden for appointment as a member of the Audit Committee of the European Investment Bank.