Lithuania contributes to Migrant and Refugee Fund
26 November 2015
PARIS – Lithuania is contributing € 150 000 to the Migrant and Refugee Fund (MRF), a new instrument established by the Council of Europe Development Bank (CEB) to assist member states in coping with the influx of migrants and refugees.
The MRF primarily finances reception and transit centres to support CEB countries in their immediate response to the current crisis. Projects aimed at facilitating the integration of migrants and refugees may also receive financing.
The CEB endowed the MRF with € 5 million and invited donors to contribute funds with a view to reaching an amount of € 20 - 25 million.
Lithuania joins Cyprus, Germany, the Slovak Republic, the European Investment Bank (EIB), Luxembourg, San Marino and the Holy See in pledging a contribution to the MRF.
Governor Wenzel said: “I thank Lithuania for this contribution, which demonstrates the country’s commitment to the principle of solidarity between European states and peoples. I hope that more member countries will donate to the Fund.”
Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.