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Governing Board adopts CEB Development Plan 2017-2019

2 December 2016

PARIS – The Governing Board of the Council of Europe Development Bank (CEB), at its 215th meeting held in Paris today, approved the CEB’s new Development Plan for the period 2017-2019. The Plan will be officially published at the start of January 2017. 

Taking into account the numerous challenges with which Europe and CEB member countries are currently confronted, the new Development Plan aims to enhance the Bank’s effectiveness in response to the needs of its members while also reaffirming the Bank’s relevance in a fast-changing environment. 

In the new Plan, the focus remains on promoting sustainable and inclusive growth in key CEB activity areas, including public infrastructure, job creation and preservation, and assistance to vulnerable groups. Particular attention is given to providing access to housing and the labour market as a way of facilitating the social integration of migrants, refugees, and displaced persons. 

In addition, the new Plan ensures that the CEB plays its part in global efforts to protect the environment, through climate change mitigation and adaptation measures. 

The Plan foresees the further strengthening of cooperation between the CEB and its partners, enhancing the quality and social added value of the projects financed, and ensuring the sustainability of financing through the use of innovative instruments. 

The CEB has also approved its revised Environmental and Social Safeguards Policy (ESSP), which is closely related to the new Development Plan and will be part of its implementation. The ESSP aims to provide a better understanding of how the CEB addresses environmental and social sustainability issues, and will align the Bank’s policies with those of other international financial institutions. 

CEB Governor Rolf Wenzel said: “I am pleased with the adoption of the CEB’s Development Plan for the period 2017-2019. The new Plan is a roadmap for action during the next three years and will enable us to build on our strong performance and enhance our efficiency, so we can continue to give our full support to the social policies of our members. I would like to thank everyone who has contributed to the process of adopting the new Development Plan.”

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.

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