Past Event

How can development banks best support growth in Central, Eastern and South Eastern Europe?

European Macroeconomics & Governance

Date: Jun 2 - Jan 1, 1970 Topic: Banking and capital markets

Bruegel was delighted to welcome the vice-presidents of the European Investment Bank, the European Bank for Reconstruction and Development and the World Bank, together with guests from the Vienna Institute for International Economic Studies for a discussion of the three development banks’ recent Joint IFI Action Plan (JIAP) in Central, Eastern and South Eastern Europe (CESEE).

As the financial crisis became a longer recession, it was soon clear that CESEE was especially vulnerable. More than a decade of convergence with the richer economies to the west was at risk, as sluggish export markets and frozen credit lines suppressed CESEE’s potential for growth. To shore up the economy and lay the ground for a return to sustainable long-term growth, the three international development lenders renewed their efforts to provide loans across the region. They coordinated support for projects such as infrastructure investment, financial market stabilisation and credit guarantees for SMEs.

  • What was the impact of this intervention?
  • How successful was the cooperation between the three institutions?
  • How can the region get back to sustainable, inclusive growth and convergence?

After a presentation by Mark Allen, we heard from the vice-presidents Philippe Le Houérou, EBRD, Wilhelm Molterer, EIB, and Laura Tuck, World Bank. This was followed comments by Rumen Dobrinsky and Michael Landesmann and finally a frank Q&A with the audience chaired by André Sapir.

Speakers

  • Chair: André Sapir, senior research fellow, Bruegel
  • Mark Allen, adviser on CESEE matters, European Investment Bank
  • Rumen Dobrinsky, senior research associate, Vienna Institute for International Economic Studies
  • Michael Landesmann, director of research, Vienna Institute for International Economic Studies
  • Philippe Le Houérou, vice-president for policy and partnerships, European Bank for Reconstruction and Development
  • Wilhelm Molterer, vice-president for cohesion, European Investment Bank
  • Laura Tuck, vice-president for the Europe and Central Asia region, World Bank

Event materials

  • The final JIAP evaluation report
  • The presentation by Mark Allen _
  • The presentation by Michael Landesmann _
  • The Bruegel event notes _

Practical Details

  • Venue: Bruegel, Rue de la Charité 33, 1210 Bruxelles
  • Date: 2 June 2015
  • Time: 09.30 – 11.30 (coffee will be served from 09.15)
  • Contact: Bryn Watkins, events assistant, Bruegel
Read about event More on this topic
 

Past Event

Past Event

What is in store for Euro area economies?

ECB Executive Board Member Philip Lane discusses the outlook for Euro area economies.

Speakers: Maria Demertzis and Philip Lane Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: May 5, 2022
Read about event More on this topic
 

Past Event

Past Event

COVID-19 and the shift to working from home: differences between the US and the EU

What changes has working from home brought on for workers and societies, and how can policy catch up?

Speakers: Jose Maria Barrero, Mamta Kapur, J. Scott Marcus and Laura Nurski Topic: Inclusive growth Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: April 28, 2022
Read about event More on this topic
 

Past Event

Past Event

From viruses to wars: recent disruptions to global trade and value chains

How have events in recent years impacted global trade and value chains and how can we strengthen these against future disruptions?

Speakers: Dalia Marin, Adil Mohommad and André Sapir Topic: Global economy and trade Date: April 27, 2022
Read about event More on this topic
 

Past Event

Past Event

War in Ukraine: What is the effect on Central and Eastern Europe?

How is the war in Ukraine affecting the countries in the central and eastern parts of Europe, the countries that are closest to the ongoing conflict?

Speakers: Beata Javorcik and Guntram B. Wolff Topic: European governance Date: April 26, 2022
Read about event
 

Past Event

Past Event

War in Ukraine: How to make Europe independent from Russian fossil fuels?

In this episode of the Sound of Economics live we discuss whether REPowerEU can make sure that Europe has affordable and secure energy supplies in both the near and long term.

Speakers: Diederik Samsom, Georg Zachmann and Guntram B. Wolff Topic: European governance, Green economy Date: March 31, 2022
Read about event More on this topic
 

Past Event

Past Event

Tackling future risks to banks

How to address vulnerabilities in banks in the coming years?

Speakers: Maria Demertzis and Elizabeth McCaul Topic: Banking and capital markets Date: March 29, 2022
Read about event More on this topic
 

Past Event

Past Event

Macroeconomic and financial stability in changing times: conversation with Andrew Bailey

Guntram Wolff will be joined in conversation by Andrew Bailey, Governor of the Bank of England.

Speakers: Andrew Bailey and Guntram B. Wolff Topic: Macroeconomic policy Date: March 28, 2022
Read about event More on this topic
 

Past Event

Past Event

Who will enforce the Digital Markets Act?

While the Digital Markets Act entered its first trilogue, what will be the enforcement role of the Commission and the Member States?

Speakers: Christophe Carugati, Cani Fernández, Assimakis Komninos and Georgios Petropoulos Topic: Digital economy and innovation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: March 22, 2022
Read article More on this topic More by this author
 

Blog Post

European governance

A new Thessaloniki offer: the aspirations of Georgia, Moldova, and Ukraine to join the EU

The European Union should grant candidate status to Georgia, Moldova and Ukraine, as part of a long-term stabilisation strategy.

By: Marek Dabrowski Topic: European governance Date: March 15, 2022
Read article More by this author
 

Blog Post

European governance

How should the EU respond to Georgia, Moldova and Ukraine’s membership aspirations?

European Union membership for Georgia, Moldova and Ukraine is at present unrealistic, but they should be offered more than Association Agreements.

By: André Sapir Topic: European governance, Global economy and trade Date: March 14, 2022
Read about event More on this topic
 

Past Event

Past Event

War in Ukraine: reflections on the economic consequences for Russia

Sergei Guriev joins us to discuss how the Russian invasion of Ukraine will affect the economies of Russia and the world?

Speakers: Sergei Guriev, Maria Demertzis and Guntram B. Wolff Topic: Global economy and trade Date: March 10, 2022
Read about event More on this topic
 

Past Event

Past Event

War in Ukraine: A conversation with Oleg Ustenko

Oleg Ustenko, Economic Advisor to Ukrainian President Volodymyr Zelenskyy joins us to discuss the situation in Ukraine.

Speakers: Guntram B. Wolff and Oleg Ustenko Topic: European governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: March 9, 2022
Load more posts