Joint Meeting of the CEB in Romania

The highlights of the meeting were:
- a fruitful exchange of views between the Committee of Eminent Persons and Representatives of the member states
- the re-election of Mr. Lars Kolte to the post of Chairman of the Governing Board for a new three-year mandate
- the announcement of the signing of a "Joint statement on Cooperation" enhancing the already very soundly based collaboration between the CEB and the EIB
- the adoption of a public information policy, now accessible on the CEB’s website.

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It will be recalled that the CEB is the oldest international financial institution in Europe, founded by eight member states with a capital equivalent to 5.7 million euros.

As a major instrument of the policy of social solidarity in Europe, for over fifty years it has been financing social projects by making available to its member states resources raised in conditions that reflect the quality of its signature (AAA from Standard & Poor’s, Fitch Ratings and Moody’s).

Today, with its 40 member states and a subscribed capital of 3.3 billion euros, the CEB has paid out 30 billion euros in loans since its creation.