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Doc. 9810
20 May 2003
Ethical financing of projects, especially via the Council of Europe Development Bank
Motion for a resolution
presented by Mr Crema and others
This motion has not been discussed in the Assembly and commits only the members who have signed it |
While globalisation gives rise to anxiety because of the upheavals it causes on the financial markets, ethical finance and socially responsible investment are now increasingly perceived to bring development on a human scale, enabling economic objectives to be reconciled with a strengthening of social cohesion through targeted investment.
The Council of Europe Development Bank, thanks to its combined financial and social purpose, already has many years of successful experience as a financial institution making loans to priority sectors, with a significant social dimension.
For its part, the Council of Europe is a pioneer in promoting the values needed to strengthen social cohesion, to prevent conflicts and to ensure the existence of a democratic framework which alone can guarantee the peace and prosperity which are vital to the sustainable economic development of certain regions of Europe.
The Parliamentary Assembly therefore calls on the committee concerned to study how to set up, through the Council of Europe's Directorate General of Social Cohesion, in co-operation with the Council of Europe Development Bank, a European group of ethical finance institutions which will step up investments fostering social cohesion.
Signed (see overleaf)
Signed 1:
Crema, Italy, SOC
Açikgöz, Turkey, EDG
Agramunt, Spain, EPP/CD
Braun, Hungary, EPP/CD
Cavusoglu, Turkey, EDG
Durrieu, France, SOC
Elo, Finland, SOC
Frey, Switzerland, LDR
Griffiths, United Kingdom, SOC
Kirilov, Bulgaria, SOC
Korobeynikov, Russia, SOC
Masseret, France, SOC
Puche, Spain, EPP/CD
Rivolta, Italy, EPP/CD
Umakhanov, Russia, EDG
1 SOC: Socialist Group
EPP/CD: Group of the European People’s Party
EDG: European Democratic Group
LDR : Liberal, Democratic and Reformers’ Group
UEL: Group of the Unified European Left
NR: not registered in a group