Promotes social cohesion through financing social projects in Europe.
The Council of Europe Development Bank (CEB) is a multilateral development bank established in 1956 with a social mandate. It focuses on promoting social cohesion and strengthening social integration across its 43 member states in Europe. The CEB's key areas include social and affordable housing, education and vocational training, health and social care, job creation and preservation, and environmental sustainability. The bank provides loans, guarantees, and technical assistance to governments, local authorities, public and private financial institutions, and NGOs for projects that align with its social mission. As of 2023, the CEB's assets stood at approximately €27.9 billion. The bank typically finances up to 50% of a project's total cost, with loan amounts varying based on project needs and borrower capacity. Eligibility criteria include social impact, economic viability, and environmental sustainability. Recent projects include a €100 million loan to Ukraine for restoring health infrastructure damaged by war, and support for the Regional Housing Programme in the Western Balkans. The CEB has also helped finance educational facilities for 3.7 million students and improved living conditions for 1.4 million people in recent years. The CEB emphasizes supporting vulnerable populations, including refugees, migrants, and displaced persons, contributing to reducing social inequalities and building inclusive societies across Europe.