The members of the European Long-Term Investors Association took notice with great sadness that the former President of the European Investment Bank and Belgian Minister of Finance
passed away 7. December 2017. He was a great supporter of long-term investment, promotional banking and the cooperation of European promotional institutions at all levels.
Given the rapid changes our societies are undergoing and the 'short-termist' tendency of many economic and political actors, the need for long-term vision is more important than ever. The implementation of far-reaching global objectives such as building sustainable infrastructure for sustainable investment, fighting climate change or innovating in our resources consumption and in production technologies is not only an absolute necessity: it is also a path, in itself, to recovery from the current crisis on a new basis to avoid its return and ensure the well-being of future generations.