The independent study on optimising the European financial architecture for development, commissioned by the ‘Ecofin’ Council at the end of 2019 (see EUROPE B12384A5) and led by French expert Thierry Senechal, was sent to EU Member States on 11 March.
The study analyses three scenarios—(A) transferring operations outside the European Union from the EIB to the EBRD; (B) having the EIB set up a subsidiary for its activities outside the EU and become a minority shareholder alongside the...