The social development bank in Europe

News

Governor Wenzel in Warsaw for National Bank of Poland 7th Annual Conference on Europe

20 October 2017

7th Annual Conference of the Narodowy Bank Polski (NBP)PARIS - The Governor of the Council of Europe Development Bank (CEB) Rolf Wenzel was in Warsaw, Poland, on 19-20 October, to participate in the 7th Annual Conference of the Narodowy Bank Polski (NBP) on the Future of the European Economy (CoFEE).

This year’s high-level conference, which attracted a large number of distinguished participants from Europe and overseas, focused on “The Evolving Role of Central Europe in the European Economy”.

Governor Wenzel chaired a panel discussion on the “Rise and Reintegration of Central Europe”, which addressed questions relating to the economic transformation of Central and Eastern European countries over the past two decades, convergence efforts with Western Europe, underlying risks in their economies, and challenges on the road to euro adoption by non-Eurozone members of the region.

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.