HL Deb 26 July 2000 vol 616 cc51-2WA
Lord Stoddart of Swindon

asked Her Majesty's Government:

Further to the Written Answer by Lord McIntosh of Haringey on 17 July (WA 64), whether under the statutes of the European Investment Bank the sole and exclusive power of nominating presidents and vice-presidents resides with the Bank's board of directors and not national governments; and, if so, whether they will reconsider their Answer. [HL3483]

Lord McIntosh of Haringey

Under the Statute of the European Investment Bank the president and vice-presidents of the Bank are appointed by the board of governors on a proposal from the board of directors. A nomination for a vice-president post is made by the governor for the relevant member state. The practice has been for the board of directors formally to propose the candidate nominated by that governor.