On Tuesday 11 March, European finance ministers approved a decision giving the European Investment Bank (EIB) greater flexibility in managing its investment capacity.
The green light from the Council of the European Union will give effect to a unanimous decision in June 2024 by the EIB’s Board of Governors, made up of European finance ministers, to raise the Bank’s capital leverage ratio limit from 250% to 290%.
Building on its solid financial base, “the EIB will thus be better able to respond to Europe’s investment needs, meet global challenges and strengthen its role in a changing geopolitical landscape,” said Polish Finance Minister Andrzej Domański in a press release.
The EU Council Decision amending the EIB’s statute also gives the Governing Council full authority to set the Bank’s leverage ratio limit. This amendment is the result of a specific recommendation by the G20 countries, which reviewed the capital adequacy of multilateral development banks.
See the EU Council’s decision: https://aeur.eu/f/fv2 (Original version in French by Mathieu Bion)