The Council of Europe Development Bank (French: CEB, Banque de Développement du Conseil de l'Europe) is a development bank, granting loans to member states to help disaster victims, help with job creation, and improve social infrastructure. As of 2020[update], its assets stood at 28 billion euros, which it uses to co-finance projects by means of loans of up to 40% of the project cost.[2]
The CEB dates from 1956, when the Council of Europe established the Resettlement Fund for National Refugees and Over-Population in Europe as a Partial Agreement. In 1994, it changed its name to the Council of Europe Social Development Fund, before becoming the Council of Europe Development Bank in 1999.[6]
The original aim was to help refugees and other displaced persons after the Second World War. It later expanded its scope of activities to include assistance to disaster victims, help with job creation, and improve social infrastructure. Its aim today is to promote social cohesion in its member states.[7]
^"Ukraine joins the CEB". coebank.org. 16 June 2023. Retrieved 19 June 2023.
October 21, 2023
council, europe, development, bank, confused, with, european, investment, bank, european, bank, reconstruction, development, ebrd, european, development, fund, french, banque, développement, conseil, europe, development, bank, granting, loans, member, states, . Not to be confused with the European Investment Bank EIB the European Bank for Reconstruction and Development EBRD or the European Development Fund The Council of Europe Development Bank French CEB Banque de Developpement du Conseil de l Europe is a development bank granting loans to member states to help disaster victims help with job creation and improve social infrastructure As of 2020 update its assets stood at 28 billion euros which it uses to co finance projects by means of loans of up to 40 of the project cost 2 Council of Europe Development BankLogoCEB member states founder members members members who are not part of the Council of EuropeFounded1956 67 years ago 1956 TypeInternational financial institutionLocationParis FranceMembers43 member statesGovernorCarlo Monticelli 1 Websitewww wbr coebank wbr orgFormerly calledResettlement Fund for National Refugees and Over Population in EuropeSituated in Paris the Bank is a separate legal entity and is autonomous in its decision making It has a high credit rating from Moody s 3 Standard and Poor s 4 and Fitch Ratings 5 Contents 1 History 2 Membership 3 See also 4 ReferencesHistory EditThe CEB dates from 1956 when the Council of Europe established the Resettlement Fund for National Refugees and Over Population in Europe as a Partial Agreement In 1994 it changed its name to the Council of Europe Social Development Fund before becoming the Council of Europe Development Bank in 1999 6 The original aim was to help refugees and other displaced persons after the Second World War It later expanded its scope of activities to include assistance to disaster victims help with job creation and improve social infrastructure Its aim today is to promote social cohesion in its member states 7 Membership EditThere are currently 43 member states as follows Albania Andorra Belgium Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Holy See Hungary Iceland Ireland Italy Kosovo Latvia Liechtenstein Lithuania Luxembourg North Macedonia Malta Moldova Montenegro Netherlands Norway Poland Portugal Romania San Marino Serbia Slovakia Slovenia Spain Sweden Switzerland Turkey Ukraine 8 Except for the Holy See and Kosovo all member states are also members of the Council of Europe See also EditEuropean Bank for Reconstruction and Development European Central Bank European Investment Bank International Monetary Fund World BankReferences Edit nbsp Banks portal Governor Carlo Monticelli Council of Europe Development Bank Retrieved February 18 2023 Key figures CEB www coebank org Retrieved 2021 05 21 Reuters TEXT S amp P cuts Council of Europe Development Bank Reuters Archived from the original on 2023 06 14 fr Fitch Ratings Social Development Fund Decision concerning the change of the name of the Institution Activities and orientations of the Council of Europe Development Bank CEB Recommendation 1818 2007 1 of the Parliamentary Assembly of the Council of Europe Ukraine joins the CEB coebank org 16 June 2023 Retrieved 19 June 2023 Retrieved from https en wikipedia org w index php title Council of Europe Development Bank amp oldid 1177609452, wikipedia, wiki, book, books, library,
