European Investment Bank
Vice-President Fayolle's areas of oversight include financing of environment, climate action and the circular economy, the European Fund for Strategic Investments (EFSI) (until end-2020), development (policy and horizontal issues, jointly with Vice-President Östros), financing operations in France, Germany, the ACP countries (Africa and the Pacific – except the Caribbean States and the Community of Latin American and Caribbean States (CELAC), jointly with Vice-President Östros), OCTs and South Africa. Vice-President Fayolle also oversees the relations with international financial institutions, coordination with multilateral development banks (MDBs), the relations with the International Monetary Fund (IMF), the World Bank (WB) and the European Central Bank (ECB).
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European Investment Bank
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The EIB is the European Union's bank. They are the only bank owned by and representing the interests of the European Union Member States. They work closely with other EU institutions to implement EU policy. As the largest multilateral borrower and lender by volume, they provide finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. More than 90% of their activity is focused on Europe but they also implement the financial aspects of the EU's external and development policies.