Earthquake in Türkiye and Syria - Governor's statement

06 February 2023

Governor Carlo Monticelli made the following statement: “I am terribly saddened by the powerful earthquake that struck Türkiye and Syria earlier today, causing death and destruction.

Our thoughts are with those who lost their lives and with their families. In line with its mandate, CEB stands ready to provide emergency assistance to help alleviate the effects of this catastrophe.”

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, on review for upgrade, 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.
*unsolicited