The social development bank in Europe


Governor Wenzel on official visit to San Marino

19 October 2018

SAN MARINO – The Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, has concluded an official visit to San Marino for meetings with the government. 

Rolf Wenzel and Nicola Renzi
Rolf Wenzel and Nicola Renzi

The Governor was received by the Captains Regent of the Republic of San Marino, Mirco Tomassoni and Luca Santolini. He also met with the Minister of Foreign Affairs Nicola Renzi and the Minister of Industry, Handicraft, Trade and Labour Andrea Zafferani. Discussions focused on current European affairs and the prospects of future cooperation between San Marino and the CEB. 

Rolf Wenzel and Andrea Zafferani
Rolf Wenzel and Andrea Zafferani

San Marino has been a CEB member for almost thirty years, having joined the Bank in 1989. In 2015 it became one of the first countries to donate funds to the CEB’s Migrant and Refugee Fund (MRF), which was established in October 2015 and has since raised over €25 million for grants allocated to refugee projects in CEB member countries. 

Following the visit, Governor Wenzel thanked San Marino’s government for the warm welcome and the hospitality extended to the CEB delegation. He said that he was pleased with the constructive meetings he had held in the country with a view to strengthening further relations between San Marino and the CEB.

© foto mw San Marino

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 positive 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.

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