EIB visits Finland: President Hoyer meets with President Niinistö and PM Rinne
19 June 2019
The Management Committee of the European Investment Bank, chaired by President Werner Hoyer, was in Helsinki this week for discussions and high-level meetings with national and local authorities. Starting from July 1st, Finland will take over the rotating Presidency of the European Union.
During the official visit, meetings with newly installed Prime Minister Antti Rinne, as well as the new government’s Finance Minister Mika Lintilä, took place to discuss priority areas for investment in the coming years. After meeting the Mayor of Helsinki Jan Vapaavuori on Wednesday, the Bank’s President Werner Hoyer visited the President of the Republic, Sauli Niinistö, to discuss EIB impact in Finland and the future of Europe.
Since 1994, the European Investment Bank has made available nearly 22 billion euros in favourable lending to Finnish projects that improve peoples’ lives in Finland and beyond. The Bank has supported weatherproofing Finland’s energy network in the face of climate change. It has also financed cutting-edge innovation of Finnish companies in the field of mobile diagnostics equipment and other medical tech ventures.
The Management Committee of the European Investment Bank, on which former Finnish Prime Minister Alexander Stubb also sits, is responsible for the day-to-day running of the institution. It also takes the preliminary decisions on all loan requests for EIB-financing.
This high profile conference was opened with an official welcome by the Honourable Ignacio Méndez Fernández, Vice-minister for the promotion of SMEs in the Ministry of Industry and Commerce (MICM) and his Excellency Gianluca Grippa, Ambassador of the European Union to the Dominican Republic. EIB Regional representative in the Caribbean, Yves Ferreira outlined how the bank is helping to support sustainable private sector growth in the region.
During his keynote address at PRI in Person, held in Paris on 11 September, President Hoyer presented the European Investment Bank’s commitments for climate action and environmental sustainability. He also pointed the key role the EIB can play with regard to redirecting private finance towards sustainable investments.