Albania contributes to CEB Migrant and Refugee Fund
12 January 2016
PARIS - The Council of Europe Development Bank (CEB) welcomes Albania’s contribution of € 100,000 to the Bank’s Migrant and Refugee Fund (MRF).
The MRF is a grant facility established by the CEB in October 2015 to help member countries cope with the influx of migrants and refugees. The CEB endowed the MRF with € 5 million and invited donors to contribute funds with a view to reaching an amount in the region of € 20 - 25 million.
CEB Governor Rolf Wenzel said: “Albania’s contribution is most welcome, as it enables the continuation of the MRF’s activities and at the same time sends out a strong signal of European solidarity.”
Priority is given to the financing of reception and transit centres, especially to the provision of medical care to refugees and the installation of sanitary facilities and food preparation equipment in those centres.
So far, close to € 14 million in emergency grants has been provided to countries in the Balkan region, with further projects in the pipeline.
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.