Mihai Tanasescu to be appointed as EIB Vice President in a few months

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Romania’s representative to the International Monetary Fund (IMF) Mihai Tanasescu will be appointed as Vice President of the European Investment Bank (EIB) in a few months, Romania being represented for the first time at this level in the bank, sources related to the international financial bodies .

Tanasescu will be a member of the Management Committee made up of one president and eight vice presidents and he will replace Greek Plutarchos Sakellaris.

The mandate as EIB vice president is for six years and Tanasescu’s area of responsibility will comprise the coordination of the bank’s activity in Greece, Cyprus, Denmark, Ireland, the African, Caribbean and Pacific Group of States and South Africa.

The EIB is the European Union’s financing institution and its shareholders are the 27 member states of the Union.

The EIB Board of Governors is composed of the finance ministers of these states, Romania being represented by Minister Bogdan Dragoi.

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