Death of Ernst-Günther Bröder, fourth President of the EIB
16 December 2013
Ernst-Günther Bröder, fourth President of the European Investment Bank (from 1984 to 1993), has passed away at the age of 86.
Born in Cologne in 1927, Ernst-Günther Bröder obtained a Doctorate in Economics from the University of Freiburg, Germany, and began his professional career at the Bayer Corporation in 1956. After a short spell at the World Bank, he joined the Kreditantstalt für Wiederaufbau in 1964 where he rose to be a member of the Managing Board.
As president of the EIB between August 1984 and March 1993, he guided the Bank through a period of change and growth marked by the accession of Spain and Portugal to the EEC in 1986, the Single European Act and the fall of the Berlin Wall. He oversaw the first loans to Poland and Hungary that helped prepare for European enlargement to the East.
After leaving the EIB, he became the first Chair of the World Bank Inspection Panel and a member of the Panel of Conciliators for the International Centre for Settlement of Investment Disputes.
The EIB Group has stepped up its level of precaution at its headquarters in Luxembourg and in its external offices. All staff will telework as of 16 March. A small number of staff whose physical presence on EIB premises is indispensable will continue to be present on the EIB campus. The decision aims to protect the health of employees and ensure the continuity of the EIB Group’s activity.
On Wednesday the EIB identified its first case of one staff member who tested positive for corona virus.
As a precautionary measure, the EIB decided not to hold the meeting of its Board of Directors planned for Thursday 12 March in person. Decisions on the Board’s agenda will be taken by written procedure. The Bank has put in place measures to prevent disruption to its governance or operation approval schedule.
On Monday 2 March, the former President of the European Council, Donald Tusk, visited the EIB in Luxembourg on a joint invitation from the Bank, the European Stability Mechanism (ESM) and the Court of Auditors.