EIB and European Commission reach out to Investment Plan for Europe Stakeholders
1 October 2015
EIB Vice President Ambroise Fayolle has spoken at a workshop in Brussels for investors, EU Member States and project promoters about the Investment Plan for Europe and the EIB’s role as manager of the European Fund for Strategic Investments (EFSI).
During the event, Vice President Fayolle underscored the importance of the initiative for catalysing private investment in support of projects which are key to Europe’s growth perspectives, such as innovation, infrastructure, energy efficiency and projects promoted by small businesses. He also took the opportunity to welcome the participation of EU Member States and National Promotional Banks that are contributing to the Investment Plan’s effort to revive investment in strategic projects around Europe. “We are working with the NPBs to develop concrete products to help reach the target of unlocking additional investment of at least EUR 315bn over the next three years. This is particularly important when we consider the need to identify and prioritise projects to ensure that money reaches the real economy.”
A key message from the conference which at which both Vice President Fayolle and European Commissioner, Jyrki Katainen delivered keynote speeches, was the need for real collaboration between the European Commission and Member States to implement pro-business and pro-investment measures, restoring investors’ confidence in the future, and enabling EFSI to find a strong pipeline of bankable projects. “EFSI is demand-driven; the EIB Group makes risk-absorbing financing available but we are not project promoters so we cannot make the projects happen.” The EIB Vice President reminded participants that of the wide scope of the Investment Plan and called on entities from both the public and private sector and of all sizes to apply for EFSI financing.
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.