The social development bank in Europe


Governor Wenzel meets with government officials in Sweden

12 November 2015

During an official visit to Sweden on 12 November, the Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, held a series of meetings with government and senior officials in Stockholm.

Governor Wenzel met with Sweden’s Minister of Finance, Magdalena Andersson, with whom he discussed the migrant and refugee crisis. Governor Wenzel informed Minister Andersson about the Migrant and Refugee Fund recently established by the CEB, and talked about the steps that the Bank was taking in order to assist its members cope with the crisis.    

He also held meetings with the Director General for International Development Cooperation, Ruth Jacoby, and civil servants from the Ministry of Finance. Discussions focused on CEB activities and explored the prospect of future cooperation between Sweden and the Bank.  

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 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.