Magdalena Álvarez assumed her duties as Vice-President of the European Investment Bank on July 16th of this year. She left her previous position as a Member of the European Parliament to assume her current role at EIP. Her previous posts include Minister for Public Works of the Government of Spain (2004-2009) and Minister for Economic Affairs and Finance of the Regional Government of Andalusia (1994-2004).

Álvarez replaces Dr. Carlos da Silva Costa, who was recently appointed Governor of the Bank of Portugal. Ms Álvarez has a Doctorate Cum Laude in Economic and Business Sciences and is an Inspector of State Finances. Her professional career has been centred on issues relating to tax and regional development policy. She has held positions as Chief Inspector of Málaga’s Finance Office (1987-1989), Director General for Regional Economic Incentives in the Ministry for Economic Affairs and Finance (1989-1993) and Director of the Financial and Tax Inspection Department of the State Tax Administration Agency (1993-1994). Her academic career includes posts as Lecturer in Economics at the National University of Distance Learning (1976-1979) and at the Law Faculty of the University of Málaga (1981-1989).

---

---