FINWIRE®

EIB public consultation report to be ready by end of year

July 19th, 2007

The European Investment Bank expected approval of the draft policy and draft Public Consultation Report on its Anti-Fraud Policy by its Management Committee by end of this year.

The final draft policy and report will be published three weeks prior to consideration by the EIB Board of Directors.

EIB has already launched second round of public consultation on a revised draft of its Anti-Fraud Policy and Procedures.

This 2nd draft takes into account stakeholder comments and contributions received during the first consultation period 12 February - 18 April 2007.

The consultation round will last until 13 September 2007, comprising 42 working days taking account of the summer holidays.

The stakeholder comments received during the second round will be analysed by the Bank’s Review Panel to see the extent to which they can be taken into account.

After approval by the Bank’s Management Committee, the revised draft policy will be published, for information, on the EIB website three weeks prior to consideration by the EIB Board of Directors, together with a Public Consultation Report.

The Consultation Report will include a summary of the consultation process and a list of stakeholder contributions together with the Bank’s reasoned comments.

The full text of the stakeholder contributions will be published, for information, on the Bank’s website, subject to the owner’s consent. They will also be available for consultation by the Members of the EIB Board of Directors.

After approval by the Board of Directors, the revised Anti-Fraud Policy and Procedures and the Public Consultation Report will be published on the Bank’s official webpage.

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