The social development bank for Europe


Governor Wenzel meets Minister-President Ramelow of the German Federal State of Thuringia

8 November 2016

Bodo Ramelow and Rolf Wenzel
Bodo Ramelow and Rolf Wenzel
PARIS – The Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, today welcomed Bodo Ramelow, the Minister-President of the German Federal State of Thuringia, on CEB’s premises.

The meetings focused on developments and challenges stemming from demographic and structural changes in the Federal State of Thuringia and in Germany more general. While welcoming the Governor’s presentation of the role and activities of the CEB, the Minister-President underlined the strong competitive position of Thuringia’s SME sector.  Possible areas of cooperation between Thuringia and the CEB, in particular to further strengthen the economic and social base of Thuringia, were also discussed.

The Governor thanked Minister-President Ramelow for the visit and pointed out that the Bank is already active in several Federal States of Germany, such as North Rhine- Westphalia, Brandenburg and Hesse, and looks forward to cooperating with Thuringia as well.

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.