Vice-President Fayolle's areas of oversight include financing of environment, climate action and the circular economy, EIB Global (development policy together with Vice-President Östros; pre-accession policy is with Vice-President Kakouris), financing operations in France, Germany, 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 Östros), OCTs and South Africa. Vice-President Fayolle also oversees relations with international financial institutions, coordination with multilateral development banks (MDBs), and relations with the International Monetary Fund (IMF), the World Bank (WB) and the European Central Bank (ECB).
France: EIB and La Banque Postale sign new partnership including a €600 million refinancing package
With its two separate funds, this package is intended to finance:
- The energy and climate transition with small and medium-sized onshore wind and solar photovoltaic projects, mainly in France, targeted at private companies, small and medium-sized enterprises (SMEs), mid-caps and special purpose vehicles. These investments of less than €50 million each from an overall allocation of €400 million will make it possible to deploy around 649 MW of renewable electricity generation capacity.
- Rail and sustainable mobility, with the goal of financing infrastructure and public transport with an allocation of €200 million. This initiative targets rail modernisation, renewal and development projects and urban mobility in France and other European countries (purchase and refurbishment of freight and passenger rail rolling stock, electric buses, trams, metro trains, etc.). These investments aim to develop sustainable transport and modal shift to limit the use of passenger cars and promote clean transport in France.