The Council of Europe Development Bank ( French : CEB, Development Bank of the Council of Europe ) 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’s Social Development Fund, before becoming the Council of Europe Development Bank in 1999. [1]
Situated in Paris , the Bank is a separate legal entity and is autonomous in its decision-making. It has an excellent credit rating from Moody’s , [2] Standard and Poor’s . [3] and Fitch Ratings . [4]
The original aim Was to help Refugees and other displaced persons partner 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 is to promote social cohesion in its member states.
The CEB acts as a development bank, granting loans to member states. In 2016, its assets stood at 25.6 billion euros, [5] which it uses to co-finance projects by means of loans of up to 40% of the project cost. The current governor is Rolf WENZEL, born in 1954, of German nationality.
Membership
There are currently 41 member states, as follows:
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The only development bank member states are not members of the Council of Europe are the Holy See and Kosovo .
External links
- Council of Europe Development Bank
- Activities and guidelines of the European Development Bank (CEB): Recommendation 1818 (2007) 1 of the Parliamentary Assembly of the Council of Europe
References
- Jump up^ Social Development Fund: Decision concerning the change of the name of the Institution
- Jump up^ http://uk.reuters.com/article/2011/09/08/idUKL3E7K81EN20110908
- Jump up^ https://www.reuters.com/article/2012/12/27/idUSWNB264420121227
- Jump up^ en: Fitch Ratings
- Jump up^ „Key figures | CEB“ . www.coebank.org . Retrieved 2017-04-24 .