Created in 1958 and based in Luxembourg, the EIB “grants financing for projects that contribute to achieving the objectives of the EU, both inside and outside it,” explains this institution on its website.
Calviño, who is also acting first vice president of the Spanish government, will compete, among others, with the European Commissioner for Competition, Margrethe Vestager, proposed by her country, Denmark.
The replacement for the German Werner Hoyer at the head of the institution will be decided in mid-September at a meeting of the European Ministers of Economy and Finance (Ecofin) in the Spanish city of Santiago de Compostela.
Calviño, 54, is an economist with extensive experience in the European institutions, for which she worked from 2006 until she became Minister of Economic Affairs of the Spanish government in 2018.
He currently holds the acting position, after the Spanish general elections on July 23, after which the socialist president Pedro Sánchez could revalidate his position if he obtains the parliamentary support of the Catalan and Basque nationalist parties.