Ombudsman and EIB sign Memorandum of Understanding

European Union European Ombudsman Ombudsman and EIB sign Memorandum of Understanding The European Ombudsman (EO), P. Nikiforos Diamandouros, and the President of the European Investment Bank (EIB), Philippe Maystadt, today signed a Memorandum of Understanding (MoU) in Luxembourg. The purpose of the agreement is to improve stakeholders' protection from any possible maladministration as regards the EIB's activities. The MoU builds on the good co-operation between the EIB and the Ombudsman concerning the EO's inquiries into the activities of the EIB. Important points of the MoU include the following: * Stakeholder protection will be extended to those who are not citizens or residents of the EU or who do not have a registered office in the EU. * In case of alleged maladministration, a complainant will have recourse to an... [read full story]