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Law granting approval pursuant to Section 7 Paragraph 2 in conjunction with Paragraph 1 of the Integration Responsibility Act to the application of the European Investment Bank to amend Article 16 Paragraph 5 of its Statute

Bill Financial services undefined
Date: 20th Dec, 2024 Source: German Parliament Country: Germany Original Source

Brief

The "Law granting approval pursuant to Section 7 Paragraph 2 in conjunction with Paragraph 1 of the Integration Responsibility Act to the application of the European Investment Bank to amend Article 16 Paragraph 5 of its Statute" has been "undefined" by the "German Parliament" on "20/12/2024". This law aims to enable the German representative in the EU Council to approve the EIB's request to amend its statute, specifically to remove the Gearing Ratio limit and replace it with a more flexible framework.

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German Parliament

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