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CEB engaged in the global reflection on inclusive growth

6 September 2018

PARIS – Governor Wenzel took part in a high-level panel discussion in the framework of the “Dialogue of Continents Forum”, organised by The Reinventing Bretton Woods Committee (RBWC) and the Hamburg Institute of International Economics, with the support of the Council of Europe Development Bank (CEB).

Dialogue of Continents ForumOn 3-5 September, in partnership with the CEB, The Reinventing Bretton Woods Committee brought together in Paris a wide range of experts from around the world to exchange views on the future of the global economic order in light of the numerous changes, uncertainties and disruptions that the world is facing today.

Governor Wenzel took part in the high-level dialogue “Policy Options for Inclusive Growth”, moderated by Mahmoud Mohieldin (World Bank Group’s Senior Vice President for the 2030 Development Agenda). Also taking part in this session were Romano Prodi (Former Prime Minister of Italy), Aleksander Kwasniewski (Former President of Poland), Ian Goldin (Director of the Oxford Martin Programme on Technical and Economic Change) and Erik Berglof (Director of the LSE Institute of Global Affairs).

The CEB Governor highlighted the crucial role of international financial institutions in tackling inequalities and making societies more inclusive. Emphasising in particular the importance of fairness through a more equal distribution of wealth within countries, he stressed the need for governments to develop a comprehensive approach to inclusive growth and to invest in education, lifelong learning and social infrastructure in general.Dialogue of Continents Forum2

Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook positive and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.