Meeting between the European Commission and International Financial Institutions on Georgia, Moldova and Ukraine

01 April 2014

BRUXELLES - The CEB participated in a high-level meeting between the European Commission and international financial institutions, which focused on Georgia, the Republic of Moldova and Ukraine.

The Council of Europe Development Bank (CEB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD), the World Bank, as well as the Agence Française de Développement (AFD) and KfW Bankengruppe held a coordination meeting with the European Union, chaired by Commissioner Füle, to spearhead enhanced assistance to Georgia, the Republic of Moldova and Ukraine. The IMF also attended as an observer.

The meeting was a welcome opportunity to exchange views on how to best achieve and promote shared objectives, including better governance and structural reforms in the three countries, as well as to discuss concrete coordination opportunities for projects. In this context, the CEB will continue to act, within the remit of its social mandate, in favour of its countries of operation, namely Georgia and the Republic of Moldova.

Joint Conclusions of the high-level meeting are appended hereto.

See also the press release by the European Commission: “Preparing Ukraine, Georgia and Moldova for association with EU”

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 (Aaa with Moody's, outlook negative, 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.