The social development bank for Europe


CEB approves nearly €1 billion in new loans for education, social infrastructure, aid to vulnerable groups, and small businesses across Europe

18 November 2021

PARIS - The Council of Europe Development Bank (CEB) today approved 12 new loans totalling €979 million that will support investments in the sector of education, social infrastructure, aid to vulnerable populations, and micro, small and medium-sized enterprises (MSMEs) across Europe.

Andorra: A €8 million Public Sector Financing Facility (PFF) will support the Government in its efforts to provide citizens with digital services. It will partially finance the modernisation and digitalisation of the public administration and will benefit more than 70 500 Andorran citizens, and potentially approximately 9 900 MSMEs.

Belgium: A €300 million Public Sector Financing Facility (PFF) to the Communauté Française de Belgique (CFB) will complement the existing loan approved in 2019 to continue financing CFB’s investment in better work and study conditions for school children. The loan will allow the restructuring and renovation of school and administrative buildings, and the construction of new establishments in line with demographic needs in the coming years.

France: A €150 million Public Sector Financing Facility (PFF) to the Caisse des Dépôts et Consignations augments an existing loan and will partially finance the construction and renovation of housing and reception structures for vulnerable populations, namely accommodation centres, supported housing, social residences and hotel residences for the elderly, disabled persons, and young workers in precarious situations.

Iceland: A €20 million loan to the Municipality Credit Iceland will help to improve living conditions in urban and rural areas by co-financing investments in the modernisation of both urban and rural public infrastructure, improvement of public services, as well as energy efficient investments. The end-borrowers will be municipalities, public and municipal organisations and enterprises that will directly use funds for eligible investments.

Latvia: A €15 million loan to the University of Latvia (UL) will support the development of UL Campus Phase III and focus on the House on Health and the House of Sports, which are intended to provide comprehensive, high-quality and personalised healthcare, as well as quality sports and active recreational facilities for students, UL employees, and residents of the local neighbourhood.

Netherlands: A €200 million loan to the National Heating Fund (NWF) will increase the primary loan amount of €150 million that was approved in 2019 to finance energy efficiency measures for individual home-owners and schools. The Dutch Government established the NWF to encourage owners and occupants to make energy-efficiency improvements to their homes.

Romania: A €1 million loan to the Roma Education Fund will complement the existing loan worth €2 million, which was approved in 2018 to provide educational services for Roma and non-Roma students from disadvantaged communities, their parents, and teachers participating in training modules. The €1 million increase will enable the implementation of three new education projects funded by the European Union.

Serbia: A €20 million loan to the Republic of Serbia will finance the reconstruction and modernisation of the newly formed state-owned Aviation Academy College of Applied Studies, which was established by the government in May 2021 as a training and education facility. Direct beneficiaries will be young people interested in pursuing education in civil aviation and aeronautical engineering, including students from low-income families.

Slovak Republic: A €60 million loan to the Slovenska záručna a rozvojová banka is intended to improve competitiveness of MSMEs and to support employment, rural and urban development, and environmental sustainability. It will also provide financing for projects in the field of modernisation of public infrastructure to the benefit of villages, small towns, regions, and public, private or mixed entities.

Slovenia: A €50 million loan to SID Banka will support the improvement of living conditions in urban and rural areas through co-financing investments of both urban and rural public infrastructure, improvement of public services, access to social and affordable housing, as well as energy efficient investments. The end-borrowers will be municipalities, public and municipal organisations and enterprises that will directly use the funds for eligible investments. A €70 million loan to the Housing Fund of the Republic of Slovenia (HFRS) will facilitate access to affordable housing through the construction of 900 new housing units across seven regions in Slovenia. The project will contribute to reducing regional disparities in the housing market and will benefit low- and middle-income families and individuals who cannot meet their housing needs.

Spain: A €85 million loan to the Xunta de Galicia will support regional authorities in their efforts to strengthen health services by expanding and upgrading the existing hospitals in Ferrol and Pontevedra for the benefit of more than 500 000 residents.

Set up in 1956, the CEB (Council of Europe Development Bank) has 42 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, AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook positive and AAA* with Scope 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.