Martin Schulz, president of the European Parliament, met with Werner Hoyer, president of the EIB, in Luxembourg on Tuesday.
During this working meeting, both Presidents agreed on enhancing cooperation between the European Parliament and the EIB.
"We need to tackle the current challenges within the European Union and beyond. To be able to do so we need a coherent approach of the European institutions both economically and politically", Werner Hoyer said after the meeting. "Close cooperation, especially with the European Parliament as the democratically directly legitimized institution, is therefore indispensable for the work of the European Investment Bank serving the European Union. The EIB plays a key role in promoting growth, innovation and employment and contributes to strengthen the European Union as an important actor in a globalized world."
It was Martin Schulz' first visit to the EIB since he was elected President of the European Parliament in January
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.
By letter dated 11 June 2020, Mr Audrius LINARTAS (Executive Director at the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance, Lithuania) was nominated by the Republic of Lithuania, by common accord with the constituency of the Republic of Estonia, the Republic of Latvia, the Republic of Austria, the Republic of Finland and the Kingdom of Sweden for appointment as a member of the Audit Committee of the European Investment Bank.