Promotes social cohesion and finances affordable housing projects.
Project financing amounts vary widely; recent loans include €300 million and €200 million.
The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate, focusing on promoting social cohesion and strengthening social integration in Europe. Key focus areas include: - **Investing in people and enhancing human capital** - **Promoting inclusive and resilient living environments** - **Supporting jobs and economic and financial inclusion** The CEB operates in various sectors such as health and social care, education and vocational training, social and affordable housing, and environmental protection. **Financial Resources:** The CEB has 43 member states who are the Bank’s shareholders, with a capital base that has grown significantly since its establishment in 1956. **Project Financing:** The typical project financing amount varies widely depending on the project scope and objectives. For example, recent projects include a €300 million loan for the Czech Government to mitigate the spread and consequences of COVID-19 and a €200 million loan to aid displaced persons fleeing the conflict in Ukraine. **Criteria for Funding:** Projects must align with the CEB’s strategic framework and promote social cohesion and integration. The Secretary General of the Council of Europe issues an opinion on admissibility for all projects submitted to the Administrative Council for approval. The CEB is a major instrument of solidarity in Europe, providing financing and technical expertise for projects with high social impact in its member states.