Logo Assembly Logo Hemicycle

Call for increased co-operation between the Development Bank and the '47'

The Assembly today called on the Development Bank (CEB) to strengthen its ties with the Council of Europe, by inviting it to work closely not only with the Secretary General but also the President of PACE, the parliamentary rapporteur on the CEB and the Commissioner for Human Rights, and to invite them to the annual meetings of the Governing Board and the joint meetings of the collegial bodies. The Governor of the CEB, Rolf Wenzel, took part in the debate.

Following the proposals by the rapporteur Tuur Elzinga (Netherlands, UEL), the parliamentarians underlined the importance of direct contacts between the Bank and the parliamentary representatives of European States for enhancing the visibility of the CEB’s work and potential: “National parliaments can play a most valuable role in promoting domestically project initiatives for the CEB’s potential financing.”

According to the adopted text, there are many ways of strengthening the CEB’s ties with the Council of Europe, for example through more co-financing in favour of youth employment, Roma integration and housing for vulnerable population groups through projects developed within the Bank’s mandate. The CEB should further maximise the social added-value of its projects by further expanding niche activities with a high social value. The Bank could also enhance recourse to the combination of loans and grants for the support of projects with the highest potential for social impact.