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EU finance ministers will soon appoint a new president of the European Investment Bank (EIB). Following two six-year terms, the incumbent, Werner Hoyer, will step down, and a new captain will take the helm of the world’s largest multilateral financial institution. The new president comes at a critical time for the bank. Between the need to support Ukraine, the imperative to accelerate the energy transition and the pressure to reform the international financial architecture, the challenges faced by the largest multilateral development bank (MDB) are not for the faint-hearted.

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