Finance Minister Eugen Teodorovici, as Romania’s Governor with the European Investment Bank (EIB), was appointed chairman of the Board of Governors of the EIB, under a decision taken at the annual meeting held in Luxembourg on Friday, according to Romania’s Finance Ministry.
“I am very honoured to take over the chairmanship inside one of the most important international financial institutions, the European Investment Bank. I am looking forward to supporting the EIB’s work to act in the interest and well-being of the European Union citizens. Solidarity and convergence will be the central pillar of the bank’s actions as part of its financing policies. At the same time, together with the EIB, I will act to improve financial/non-financial risk management and take the necessary steps to comply with best banking practices ,” said Teodorovici.
The chairmanship of the Board of Governors of the EIB is provided by each member state by rotation, in accordance with the protocol established by the Council of the European Union. It is taken up at the annual meeting of the Board of Governors of the EIB and exercised starting the next day for one year.
The European Investment Bank (EIB) is an independent body that adopts its own lending decisions for projects that support growth, job creation, joint financing, guarantees and advice to promote the EU’s objectives. The EIB cooperates with other EU institutions, in particular the European Commission, the European Parliament and the EU Council.