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).
EU advisory support to help cities in their circular economy transition
At the World Circular Economy Forum 2024, the European Investment Bank (EIB) and the European Commission announced the upscaling of the Circular City Centre – C3. C3 is a competence and resource centre that supports cities in their transition to a circular economy – one where products and materials are used for as long as possible and waste is minimised. Following a 15-month pilot phase, C3 will now broaden its scope and continue until 2027 at least. C3 is funded under the InvestEU Advisory Hub mandate.