The European Commission and the European Investment Bank today welcomed the final report into the EIB's external financing activity by a committee of “wise persons” chaired by former International Monetary Fund Managing Director Michel Camdessus. The report proposes an extra two billion euros of EIB loans for projects that further the fight against climate change and makes a number of recommendations for improving EIB activity outside the European Union. It also suggests for further study longer-term options for consolidating the EU’s external financing instruments. [more]