Banks clash as EU seeks 'political return' on development finance (Devex)

From the article:

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.