The changing of the guard: How will the EIB create a greener future with Calviño at the helm?
It's the biggest multilateral lender in the world; the European Investment Bank is providing funds for green projects instead of fossil fuel investments. It is also financing the reconstruction of Ukraine and supporting innovation and competitiveness, not just in Europe but across the globe.
Euronews Correspondent Stefan Grobe spoke with Nadia Calviño, the Former Deputy Prime Minister of Spain and newly-appointed President of the European Investment Bank on The Global Conversation.
To watch the full interview click on the video in the media player above or read the full interview below.
Stefan Grobe, Euronews: You just started your six-year term a few weeks ago and already have a lot on your plate. I want to mention one priority, to begin with, Ukrainian reconstruction. Obviously, a monumental task that requires strong European commitments. I wonder how this is going to be managed, how do you fund projects that could still be destroyed by war?
Nadia Calviño, President of the European Investment Bank: Well, the bank has been active in Ukraine for a long time. And actually, since the war started, we have already invested €2 billion in Ukraine. It's [also] very good news that last week, leaders agreed to reinforce the Ukraine facility. That's also going to give more guarantees and more firepower to the European Investment Bank Group to continue to support Ukraine now and invest in the reconstruction once the war is over, as soon as possible, I hope.
Stefan Grobe, Euronews: The EIB is also known by many people as the green bank.So, tell us a little about the projects, the industries, the numbers. And are investors still excited?
Nadia Calviño, President of the European Investment Bank: Absolutely. Well, last year we invested