CEB Governor meets with Kosovo’s Minister of Finance in Paris
28 February 2019
PARIS – The Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, today welcomed the Minister of Finance of Kosovo, Bedri Hamza, to the CEB’s headquarters.Governor Wenzel and Minister Hamza had an exchange of views on current financial and economic affairs in Europe and on bilateral relations between Kosovo and the CEB, including on prospects for future cooperation.
In 2013 Kosovo became the CEB’s 41st member and is the latest country to have joined the Bank.Governor Wenzel said he was pleased to welcome Kosovo’s Minister of Finance to the CEB and they agreed that Kosovo and the Bank would expand their cooperation in the future. “Kosovo is situated in a region where the Bank has been particularly active over the years, with numerous examples of the positive impact that CEB support can have in terms of strengthening social development and improving living conditions in its member countries. We are currently looking at ways of extending that support to Kosovo too,” concluded Mr Wenzel.
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 (AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook stable and Aa1 with Moody's, 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.