Hungary contributes € 100 000 to Migrant and Refugee Fund
21 December 2016
PARIS - The Council of Europe Development Bank (CEB) is pleased to announce that Hungary will contribute € 100 000 to the Bank’s Migrant and Refugee Fund (MRF).
The MRF is a grant facility established by the CEB in 2015 to help member countries cope with the influx of migrants and refugees transiting through, or stranded on, their territory. The Fund supports the countries’ efforts to ensure that migrants and refugees are treated humanely.
The CEB endowed the MRF with € 5 million and invited contributions from member countries and international institutions. Up until now, 20 donors have contributed a total of € 21 million to the Fund.
The Bank has so far approved more than € 18 million in grants for a total of 14 projects. Priority is given to the financing of reception and transit centres, with a focus on providing refugees with shelter and sanitary facilities, as well as food and medical care.
The Fund may also be used to help CEB member countries integrate migrant populations and enable them to rebuild their lives in dignified conditions.
CEB Governor Rolf Wenzel welcomed the Hungarian contribution to the MRF and underlined the pressing need for providing continuing support to transit countries and countries receiving refugees. Governor Wenzel reiterated his call for further contributions to the Fund.
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.