BRUSSELS — In true European Union fashion, finance ministers last week endorsed a feasibility study to evaluate proposals from an expert report in October on how to improve European development finance. At stake is which organization gets to lead a possible new European Climate and Sustainable Development Bank — the candidates being the European Investment Bank or the European Bank for Reconstruction and Development.
Devex spoke with Thomas Wieser, who chaired the expert High-Level Group of Wise Persons that was commissioned to produce the report, to ask what he thinks about the reaction to it and what happens now.
This conversation has been edited for length and clarity.