Press Release: Commission reinforces co-operation with International Financial Institutions in candidate countries and NIS

The European Commission signed on the 31.3.00 a Memorandum of Understanding (MoU) with the World Bank Group, the EBRD, the Council of Europe Development Bank, the Nordic Investment Bank and the Nordic Environment Finance Corporation setting out the principles of their co-operation in pre-accession preparation of central and eastern European countries. The Commission signed a similar MoU with the EBRD and the World Bank Group guiding their operations in the New Independent States (NIS) opening thereby a new phase in their co-operation. Pedro Solbes, EU Commissioner for Economic and Monetary Affairs, highlighted 'the importance and the efficiency gains that are expected from this extended co-operation which should ensure a more co-ordinated strategy vis-à-vis these countries, a systematic and timely sharing of information regarding policies, procedures, programmes and the co-financing of concrete projects in a range of areas'.

• Primary Source

EBRD: Press Release, 1.3.11: European Commission, EIB and EBRD sign Memorandum of Understanding http://www.ebrd.com/english/pages/news/press/2011/110301.shtml

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