From the article:
EIB came in for the most criticism in the wake of the report, including from members of the Wise Persons panel. Ahead of this week’s meeting, however, Portugal, Luxembourg, and Greece penned a non-paper, seen by Devex, arguing that “with the right risk profile and business model endorsed and supported by member states as shareholders, the EIB has the capacity to deliver.”
Mikaela Gavas, co-director of Development Cooperation in Europe at the Center for Global Development, told Devex that the paper clearly supports the idea of option 3 – an EIB subsidiary. “Implicit in the non-paper is the idea that the EBRD governance model is problematic because of its non-EU shareholders, while the EIB, with its current exposure to fragile states and transition towards a green bank, is seen as best placed to become the EU bank,” she said.
