News
CEB Governor meets with the President of the Parliamentary Assembly of the Council of Europe
16 May 2014
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), Anne Brasseur, during her visit to Paris.
Discussions were held in a constructive atmosphere and focused on ways further to strengthen relations between the CEB and the PACE.
“The Bank attaches great importance to its relationship with the Council of Europe and its Parliamentary Assembly”, said Governor Wenzel. “Constructive dialogue in the context of a good relationship between the CEB and the PACE is important, and today’s meeting with Ms. Brasseur reaffirmed our commitment to continuing working together in that direction”.
Governor Wenzel has accepted an invitation by Anne Brasseur to address the Parliamentary Assembly of the Council of Europe during its debate on “The challenges for the Council of Europe Development Bank”, scheduled for 26 June 2014.
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 Moody's, outlook negative, AA+ with Standard & Poor's, outlook stable 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.