Spain’s Nadia Calviño wins fight to head EU Investment Bank

Nadia Calviño

© APA | Nadia Calviño

# 08 December 2023 14:04 (UTC +04:00)

Spain’s finance minister Nadia Calviño has been named next president of the European Investment Bank (EIB), resolving a fractious and long-running dispute among EU finance ministers, APA reports citing Euronews.

Vincent van Peteghem, the Belgian minister who chairs the public lender’s Board of Governors, told reporters that finance ministers had formed a “consensus” over her candidacy.

Calviño will be "a strong next president of the EIB, the biggest investment bank in the world," van Peteghem said. “I wish her all the best."

Calviño, previously an official at the European Commission, pipped Denmark’s Margrethe Vestager in the race to head up the EU’s lending arm.

The position is set to become vacant when Germany’s Werner Hoyer steps down at the end of December, and van Peteghem had already suggested Calviño as the lead candidate in a letter to counterparts sent last week.

Hoyer, previously Germany’s deputy foreign minister, will step down on 31 December after serving two six-year terms.

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