Nadia Calvino is European Investment Bank Prez

• Nadia Calvino has been named the new president of the European Investment Bank.
• She is the first woman and the first Spaniard to lead this prestigious institution.

ABOUT EUROPEAN INVESTMENT BANK

• EIB is long-term lending institution of European Union owned by its member states.
• Founded in Brussels in 1958.
• It is now based in Luxembourg (since 1968).
• It is also engaged in multilateral financing and works closely with other EU institutions to implement EU policy.
• While almost 90% of EIB lending occurs within the EU, most of the remaining lending occurs in outside markets such as Southeast Europe and Iceland.
• The organization is funded by 27 member states whose contributions are based on their GDPs.
• EIB’s activities focus on four priority areas including-
  • innovation and skills,
  • access to finance for infrastructure,
  • smaller businesses and
  • climate & environment.