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Nadia Calvino to become first female president of European Investment Bank

Calviño’s career highlights include senior roles under former Spanish Prime Ministers Jose Maria Aznar and Jose Luis Rodriguez Zapatero and a stint as director general of the EU Commission’s budget department. In 2018, she made her political debut in Prime Minister Sanchez’s cabinet and has since been a key figure in Spain’s economic landscape. Notably, she has chaired the IMF’s monetary and financial committee since December last year.

As Spain’s Economy Minister, Calviño successfully steered the country through economic challenges brought on by the COVID-19 pandemic and the Ukraine conflict. Under her guidance, Spain achieved significant growth while keeping inflation rates low.

Calviño is also recognized for her dedication to gender equality. She made headlines for boycotting a Madrid employers’ federation photo opportunity due to its lack of female representation, underscoring her commitment to challenging gender disparities within power circles.

Her endorsement by EU finance ministers was notably backed by Belgium’s Finance Minister Vincent Van Peteghem, reflecting broad support for her candidacy. As she prepares to succeed Werner Hoyer at the EIB, Calviño’s diverse experience and advocacy are expected to influence her leadership style at one of Europe’s key financial institutions.

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Source: Economy - investing.com

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