Promotes social cohesion through financing impactful projects in Europe.
The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate. It focuses on promoting social cohesion and strengthening social integration in Europe through the provision of financing and technical expertise for projects with a high social impact in its member states. The CEB's focus areas include inclusive growth, support for vulnerable groups, and environmental sustainability. It finances projects in sectors such as social and affordable housing, education, healthcare, and job creation. The bank has assets of approximately 28 billion euros, which it uses to co-finance projects by means of loans of up to 40% of the project cost. Recent projects financed by the CEB include aid to displaced persons fleeing the conflict in Ukraine, COVID-19 public sector financing facilities, and support for smaller SMEs in Spain. The criteria to receive funding include alignment with the CEB's social mandate and the project's potential to promote social cohesion and improve living conditions for disadvantaged populations. The CEB works closely with the Council of Europe and other international institutions to achieve its objectives.