Leading Multilateral Development Banks and the International Monetary Fund met at the European Investment Bank in Luxembourg on April 9 to map out their support for a sustainable global recovery and agreed the Copenhagen Accord is an opportunity for action to finance measures to combat climate change. On the global economy, they noted signs of recovery and agreed enhanced cooperation among the MDBs and the IMF played an important role in preventing a wider systemic crisis.
They concluded the global economy remains fragile and MDBs will need to continue to play a counter-cyclical role in 2010. The MDBs also discussed issues related to the G20 process, including the fight against non-cooperative tax jurisdictions and strengthening international prudential regulation.
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.