Governor of the Council of Europe Development Bank (CEB) Rolf Wenzel held a series of meetings with government officials

PARIS, 11-1-2016 — /EuropaWire/ — During an official visit to Turkey on 6 and 7 January 2016, the Governor of the Council of Europe Development Bank (CEB), Rolf Wenzel, held a series of meetings with government officials in Ankara.

Governor Wenzel met with senior officials from the Prime Minister’s Office, the Treasury, the Ministry of Development, and the Ministry of Foreign Affairs. Discussions focused on current CEB operations in Turkey, economic developments in the country, and Turkey’s action plan for the refugees following the EU-Turkey Summit in November 2015. Governor Wenzel also met with representatives of the Turkish Development Bank (TKB).

At the end of his official visit, Governor Wenzel commented: “Turkey is one of the CEB’s founding members and a country with which the Bank has maintained an excellent cooperation over the last decades. I am pleased with the fruitful talks we held in Ankara and I would like to thank the Turkish government for the warm hospitality that they extended to the CEB delegation”.

A CEB member since the Bank’s establishment in 1956, Turkey has received a large number of loans from the Bank. The two sectors which have benefited the most from CEB funding are the creation and preservation of viable jobs and the prevention of natural disasters.

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.

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SOURCE: CEB