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: Finance & Financial Regulation

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
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EU support for SME IPOs should be part of a broader package that unlocks equity finance

The incoming Commission President has put support for SMEs at the centre of her economic programme. A public-private fund investing in initial public offerings should be carefully targeted, primarily at small firms with risky projects. The announced SME strategy and further measures under the Capital Markets Union programme should address numerous other barriers to both public and private equity finance.

By: Alexander Lehmann Topic: Finance & Financial Regulation Date: September 16, 2019
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Opinion

China's dual banking system: consolidation as the final solution for weak small banks

There are fundamental solvency and liquidity issues for some small Chinese banks, widely influencing both the bond market as well as the broader financial sector. Given the difficulties in creating a level playing field between small and large banks, there is an expectation that small banks will continue to under-perform.

By: Alicia García-Herrero and Gary Ng Topic: Finance & Financial Regulation Date: September 16, 2019
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Tech-enabled payment processes: policy implications of new developments

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Has the left-right divide become obsolete in EU politics?

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Financial inclusion of SMEs for growth and job creation

How can increased access to finance benefit SMEs? What reforms are needed to encourage SME financial inclusion?

Speakers: Jihad Azour, Bruno Balvanera, Zsolt Darvas, Barbara Marchitto, Anta Ndoye and Guntram B. Wolff Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 21, 2019
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Sound at last? Assessing a decade of financial regulation

What has changed since the financial crisis of 2008 that makes the financial system sound at last? Is regulatory reform going in the right direction? Has it run its course? 

Speakers: Patrick Bolton, Rebecca Christie, Maria Demertzis, Mathias Dewatripont and Xavier Vives Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 20, 2019
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What reforms for Europe's Monetary Union: a view from Spain

How is a successful European Monetary Union still possible in today's ever-shifting political landscape? What reforms need to occur in order to guarantee success of cohesive policies?

Speakers: Fernando Fernández, José Carlos García de Quevedo, Gabriele Giudice, Inês Goncalves Raposo, Javier Méndez Llera and Isabel Riaño Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 19, 2019
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Role of national structural reforms in enhancing resilience in the Euro Area

At this event Gita Gopinath, Chief Economist at the IMF will discuss the role of national structural reforms in enhancing resilience in the Euro Area.

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What was trade policy during the last European Commission? What will be the future of European trade under the next Commission?

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The third edition of the EU-LAC Economic Forum.

Speakers: Diego Acosta Arcarazo, Ignacio Corlazzoli, Maria Demertzis, Mauricio Escanero Figueroa, Alicia García-Herrero, Carmen González Enríquez, Bert Hoffmann, Edita Hrdá, Matthias Jorgensen, Juan Jung, Tobias Lenz, Carlos Malamud, J. Scott Marcus, Elena Pisonero, Belén Romana and Guntram B. Wolff Topic: Global Economics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: June 11, 2019
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