Governor Wenzel at the World Bank/IMF Annual Meetings in Washington D.C.
22 October 2019
PARIS - The Governor of the Council of Europe Development Bank (CEB) Rolf Wenzel has completed a round of meetings in Washington D.C., where he attended the autumn annual meetings of the World Bank (WB) and the International Monetary Fund (IMF), and met with the representatives of international financial institutions and other CEB partners.
The annual meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) bring together central bankers, Ministers of Finance and Development, private sector executives, representatives of civil society organisations and academics to discuss issues of global concern.
On the margins of the annual meetings, Governor Wenzel held a series of meetings with CEB partners, with whom he discussed matters of mutual concern as well as recent economic and financial developments of relevance to the CEB. He also provided an update on the CEB’s medium-term strategic planning for the period from 2020, which is currently being finalised before being put for approval to the Bank’s collegial organs.The CEB Governor also met with other heads of multilateral development banks to exchange views on strategic matters. The meetings focused on ways to enhance cooperation between institutions and how best to help their respective partners meet their goals to achieve SDGs under the 2030 Agenda.
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 (AA+ with Fitch Ratings, outlook positive, AAA with Standard & Poor's, outlook stable and Aa1 with Moody's, 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.