Bosnia and Herzegovina contributes €30 000 to Migrant and Refugee Fund
18 January 2017
PARIS – The Council of Europe Development Bank (CEB) welcomes Bosnia and Herzegovina’s contribution of BAM 60 000, or approximately € 30 000, to the Migrant and Refugee Fund (MRF).
The contribution agreement was signed in Sarajevo today by Semiha Borovac, Minister for Human Rights and Refugees, and Rosa María Sánchez-Yebra Alonso, CEB Vice-Governor for Social Development Strategy. This contribution brings the total amount committed to the MRF to almost € 21 million.
The MRF is a grant-based facility established by the CEB in 2015 to help its member states meet the most urgent needs of migrants and refugees on their territory. The Fund may also be used to help CEB member countries integrate migrant populations and enable them to rebuild their lives in dignified conditions.
The CEB endowed the Fund with € 5 million, aiming for an additional € 15 to 20 million in grant contributions from member countries and other donors. Since October 2015, the CEB has allocated € 18 million in grants to migrant and refugee projects in Albania, Croatia, Greece, Portugal, Serbia, Slovenia, and “the former Yugoslav Republic of Macedonia”.
The Governor of the CEB Rolf Wenzel underlined that the MRF had been instrumental in helping CEB member countries face up to the challenges from migrant and refugee flows and said: “All contributions to the MRF are most welcome. This is a commendable gesture of solidarity from Bosnia and Herzegovina, which is tackling itself the issue of social housing for war refugees and displaced persons through the CEB-managed Regional Housing Programme.”
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.