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A Conversation with Thomas Wieser on European Development Finance Architecture
Mikaela Gavas (CGD) and San Bilal (ECDPM) sit down with Thomas Wieser, Chair of the 2019 Wise Persons Group report on the European Financial Architecture to discuss the process, politics and scenarios put forward to solve Europe’s perennial problem of fragmentation, duplication, and competition in its development finance architecture and the contest between Europe’s two multilateral banks, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) as to which would be most capable of fulfilling the role of a dedicated EU development banking institution. Thomas expresses his dismay with the endorsement of the status quo and puts forward his views on the reluctance of EU Member States to put additional capital into the system.