CEB becomes an ODA-eligible international organisation

10 July 2014

The CEB has now officially been added to the DAC list of ODA-eligible international organisation. This listing was officially announced by the OECD DAC Working Party on Development Finance (WP-STAT).

CEB’s ODA eligibility recognizes the concessional character of CEB lending and its grant element. It also reflects the strong commitment of CEB member countries and the other donors in fostering social development in the CEB’s vulnerable countries.

The Working Group decision also aligns the CEB with its peers, such as the Asian Development Bank, the Black See Trade and Development Bank, the EBRD, the EIB, the World Bank Group, which are already listed as ODA-eligible international organisations.

For the full list of ODA-eligible international organisations please visit the OECD website.

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.