By letter dated 16 January 2018, the Portuguese Republic nominated, by common accord with the Kingdom of Spain, Ms Rosa CAETANO for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Mr Luís SARAMAGO, who had tendered his resignation.
By letter dated 25 January 2018, the Board of Governors was invited to vote on the proposed appointment.The decision to appoint Ms Rosa CAETANO was taken on 13 February 2018, the date on which the requisite majority of Governors' votes was reached.
The term of office of Ms Rosa CAETANO will expire in 2018 at the end of the day either of the Annual Meeting or of the approval of the financial statements for the previous financial year, whichever is the later.
Ms CAETANO is currently Deputy Director General for Economic Policy and International Relations in the Ministry of Finance. She holds a University degree in Economics.