European Investment Bank
Vice-President Östros’s areas of oversight include financing of energy, health and life sciences, development (policy and horizontal issues, jointly with Vice-President Fayolle), financing operations in Austria, Estonia, Finland, Latvia, Lithuania, Sweden, Russia*, 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 Fayolle), relations with the EIB Group Audit Committee, corporate responsibility, diversity and inclusion, Legal – lending operations and the Baltic Sea strategy. Vice-President Östros also oversees the relations with the European Anti-Fraud Office (OLAF) and the European Ombudsman, the relations with the Gulf countries relations with central bank debt management offices, relations with the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the Nordic Investment Bank (NIB).
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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.