EIB gives Joint Vienna Institute course on investment finance
6 November 2015
Bridging the gap between EU-level financing opportunities and potential projects at the national level is one of the ways to address Europe’s backlog of long-term investment. This is why EIB experts have travelled to Vienna to give a course at the Joint Vienna Institute to representatives of ministries of finance and other government institutions from Central and South Eastern Europe and the CIS countries.
The course, held from the 3rd until the 6th November, focuses on the investment finance situation in the region, growth diagnostics and strategic investment planning. EIB experts will help participants through the steps of elaborating regional strategies for public support to investment.
“This course provided an opportunity to strengthen operational links between the EIB and some of its partner countries, while at the same time disseminating best practices and standards in line with EIB priorities. Course participants will have the potential to become key EIB contacts in their respective administrations.” says Debora Revoltella, EIB Economics department Director. Ultimately, the course will support development and convergence in partner countries through better project development and increased visibility of joint business opportunities with the EIB.
The EIB Group is a contributing member of the Joint Vienna Institute, a training centre jointly funded by the IMF and the Austrian government and central bank. This is the second course that the Group has given at the Institute, building on the success of the previous event in autumn 2014. The 29 participants in this year’s course, “Investment and Investment Finance - Guiding Principles and the EIB Group Expertise”, have been selected from 67 applicants from 24 countries, testifying to the high demand for training of this type.
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.