CEB Governor welcomes President of Parliamentary Assembly of Council of Europe to CEB

04 March 2020

Paris - The Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, today met with the President of the Parliamentary Assembly of the Council of Europe (PACE), Rik Daems, at the CEB headquarters in Paris.

During the meeting, Governor Wenzel provided Mr Daems with an update on recent developments related to the CEB. They exchanged views on current affairs of relevance to the CEB and the Council of Europe and discussed ways to strengthen further the cooperation between the CEB and the PACE.

“The CEB attaches great importance to its relationship with the Council of Europe including its Parliamentary Assembly”, said Governor Wenzel. “My meeting with Mr Daems today reaffirmed the ongoing, fruitful cooperation between the Bank and the PACE as well as our mutual commitment to continuing to work together in that direction.”

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 (AA+ with Fitch Ratings, outlook positive, AAA with Standard & Poor's, 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.