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Council of Europe Development Bank

International lending institution

Summary

International lending institution

Field	Value
name	Council of Europe Development Bank
Banque de Développement du Conseil de l'Europe
logo	Council of Europe Development Bank logo.svg
image	Paris Kleber 55.jpg
type	International financial institution
location	55 avenue Kléber, Paris, France
leader_title	Governor
leader_name	Carlo Monticelli
website
founded_date
former name	Resettlement Fund for National Refugees and Over-Population in Europe
num_members	43 member states

Banque de Développement du Conseil de l'Europe The Council of Europe Development Bank (CEB, ) is a multilateral development bank, granting loans to member states to help disaster victims, help with job creation, and improve social infrastructure. , 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.

Its origins go back to 1956 when the Council of Europe created its Resettlement Fund for National Refugees and Over-Population in Europe (), which was renamed as the Council of Europe Social Development Fund () in 1994 and eventually as the CEB in 1999. Since 1956, the bank has been headquartered at 55, avenue Kléber in Paris. It is a separate legal entity from the Council of Europe and is autonomous in its decision-making. It has a high credit rating from Moody's, Standard and Poor's and Fitch Ratings.

CEB formally uses both the French and English languages. English largely replaced French as internal working language in the 2010s.

History

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.

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.

Membership

Members who are not part of the Council of Europe}}

There 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

Except for the Holy See and Kosovo, all member states are also members of the Council of Europe.

Governors

Raphael Alomar (1999-2011), previously head of the Council of Europe Resettlement Fund (1993-1994) and Social Development Fund (1994-1999)
Rolf Wenzel (2011-2021)
Carlo Monticelli (from 2021)

References

"Governor Carlo Monticelli". Council of Europe Development Bank.
"Key figures {{!}} CEB".
(March 7, 2016). "BRIEF-Moody's asgns Aaa rtg to Council of Europe Development Bank | Reuters".
"TEXT – S&P cuts Council of Europe Development Bank".
[[:fr:Fitch Ratings]]
"Social Development Fund: Decision concerning the change of the name of the Institution".
[https://web.archive.org/web/20091010140337/http://assembly.coe.int/Documents/AdoptedText/ta07/EREC1818.htm Activities and orientations of the Council of Europe Development Bank (CEB): Recommendation 1818 (2007)1 of the Parliamentary Assembly of the Council of Europe]
(16 June 2023). "Ukraine joins the CEB".
François Krug. ({{date). "Règlements de comptes à la banque sociale de l'Europe".
"Rapport du Gouverneur 2014". CEB Bank.
({{date). "CEB appoints Carlo Monticelli as new Governor".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

supranational-banks international-development-multilaterals multilateral-development-banks council-of-europe

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