The EU chose Spain’s economy minister Nadia Calvino on Friday to lead the European Investment Bank, the bloc’s lending arm whose significance has grown since war broke out in Ukraine.
“We’ve come to a conclusion and a consensus around the candidacy of Nadia Calvino as the next president of the EIB,” Belgian finance minister Vincent Van Peteghem said after a meeting of EU finance ministers in Brussels.
Calvino, 55, had been the frontrunner in a tight race with Margrethe Vestager, the EU’s competition commissioner.
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