By letter dated 20 February 2017, the French Republic nominated, Ms Shanti BOBIN (Head of the European Bilateral Economic Relations and Financial Instruments unit, Directorate General of the Treasury, Ministry of Finance and Economy) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Mr  Arnaud DELAUNAY, who had tendered his resignation.

By letter dated 22 February 2017, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Ms Shanti BOBIN was taken on 7 March 2017, the date on which the requisite majority of Governors' votes was reached.

The term of office of Ms Shanti BOBIN 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.