Dhaka, Bangladesh (BBN)- Nobel Peace Laureate Professor Muhammad Yunus addressed a roundtable meeting organized to allow the top executives of the bank to exchange ideas with him, by the President of the European Investment Bank (EIB), Mr. Werner Hoyer at his office in Luxembourge recently.
Muhammad Yunus elaborated the concept of social business to the group and proposed various actions by the bank to facilitate social businesses.
President Hoyer showed his deep interest in playing a pioneering role as facilitator of Social Business in Europe. He also expressed his interest in creating a fund to support social businesses.
Other than the president, several senior officials of EIB group took part in the discussion, including Vice President Plutarchos Sakellaris, Chief Executive Officer of the European Investment Fund, Richard Pelly, Director General Operations outside European Union, Tamsyn Barton, Rémy Jacob, Dean of EIB Institute, according to reports.
The European Investment Bank (EIB) is the European Union's financing institution. Its shareholders are the 27 Member States of the Union, which have jointly subscribed its capital.
The EIB's Board of Governors is composed of the Finance Ministers of these States. The EIB's role is to provide long-term finance in support of investment projects.
The EIB works closely with the other EU institutions, especially the European Parliament, the European Council and the European Commission. The European Investment Fund is a subsidiary of the EIB.
BBN/SSR/AD-12Mar12-11:50 am (BST)
