EIB Secretary General Marjut Santoni at GI Forum on handling “risk”
14 October 2018
Speaking at the Global Infrastructure Forum alongside representatives of other financial institutions, Marjut Santoni offered concrete measures on how to ‘de-risk’ investments. She explained this is to get the private sector on board for key projects to promote sustainable growth, which governments and public institutions cannot fund alone.
Pipelines of high-quality projects, the right financial instruments, transparent e-procurement and appropriate data sets, the gathering of which could be facilitated by blockchain technology, were among the measures she highlighted at the debate in Bali.
Santoni pointed to the European Fund for Strategic Investments, managed by the EIB, as a model of how guarantees combined with loans can mobilise huge amounts of financing for key projects. “But at the policy level a key element when we are talking about the concept of risk,” she concluded, “is the security of our critical infrastructure”.
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.