Joint Meeting of the CEB in Lithuania

The highlights of the meeting were:
- an exchange of views on strategic issues
- an in-depth discussion on the upcoming development plan over 2010-2014
- the adoption of the Corporate Social Responsibility Report.

Furthermore, 7 new projects, representing total amount of 484 million euros of financings (of which 130 million euros for Lithuania) have been approved during the Administrative meeting held in Vilnius.

Since the beginning of 2009, the Council of Europe Development Bank has approved 21 projects, for a total amount of 1 671 million euros, of which 13 projects are in favour of target group countries, representing a sub-total of € 891 millions euros, 53% of the total amount approved this year.

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It will be recalled that the CEB is the oldest international financial institution in Europe, founded by eight member states with a capital equivalent to 5.7 million euros.

As a major instrument of the policy of social solidarity in Europe, for over fifty years it has been financing social projects by making available to its Member States resources raised in conditions that reflect the quality of its signature (AAA from Standard & Poor’s, Fitch Ratings and Moody’s).

Today, with its 40 Member States and a subscribed capital of 3.3 billion euros, the CEB has paid out 30 billion euros in loans since its creation.