CEB at General Assembly of Association of German Cities in Dortmund
6 June 2019
PARIS - The Council of Europe Development Bank (CEB) was present with its own exhibition stand at the biennial General Assembly of the Association of German Cities (Deutscher Städtetag), which this year took place from 4 to 6 June and was hosted by the city of Dortmund under the slogan “Standing together in our cities”.
The German President Frank-Walter Steinmeier opened the General Assembly. In his address, President Steinmeier stressed the importance of decent housing and said that the lack of access to affordable housing should be considered as a democratic failure. The representatives of the Association of German Cities highlighted the need of strengthening social cohesion through public investments in municipal infrastructure.
The CEB, recognising the key role that local stakeholders can play in social development, has strengthened its co-operation with cities and metropolitan areas in its member countries. In Germany alone, the CEB has agreed to support social development projects with a total volume of more than € 1.3 billion since 2016.
In addition to its well-established partnerships with regional promotional banks, the CEB is now also working directly with cities and municipal companies. For example, the CEB recently signed with the City of Nuremberg a € 80 million loan agreement to finance Nuremberg’s school construction and modernisation programme, and also approved a € 110 million loan to Nuremberg’s social housing company.The CEB first attended the General Assembly of the Association of German Cities in 2017 in Nuremberg.
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 (AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook stable and Aa1 with Moody's, 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.