Kazakh Prime Minister Karim Massimov visits the EIB
7 May 2012
On 2 May Mr Karim Massimov, Prime Minister of the Republic of Kazakhstan visited the European Investment Bank (EIB) in Luxembour to discuss current and future cooperation between the Republic of Kazakhstan and the EIB. The EIB confirmed its commitment to support Kazakhstan in its national development strategy of economic diversification by both providing long-term financing and sharing its know-how.
Prime Minister Massimov discussed with EIB Vice-President Molterer the possibilities of project financing, particularly in the areas of development of social and economic infrastructure, climate change mitigation and support for Kazakhstan’s private sector, in particular SMEs. In April 2010 the EIB signed a framework agreement with the Republic of Kazakhstan that enables the Bank to proceed with the financing of investment projects of mutual interest for Kazakhstan and the European Union.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
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.