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Norway, Iceland and Liechtenstein support Migrant and Refugee Fund

10 June 2016

PARIS - The Council of Europe Development Bank (CEB) is pleased to announce that Norway, Iceland and Liechtenstein are contributing to the Bank’s Migrant and Refugee Fund (MRF). Norway will donate € 500 000, Iceland € 15 226 and Liechtenstein € 6 205.

The MRF is a grant facility established by the CEB in 2015 to help member countries cope with the influx of migrants and refugees. The CEB endowed the MRF with € 5 million and invited donors to contribute additional funds. To date, the resources of the Fund stand at € 19 million.

More than € 16 million in grants has so far been approved for affected countries, with further projects in the pipeline.

Priority is given to the financing of reception and transit centres, especially to the provision of medical care to refugees and the installation of sanitary facilities and food preparation equipment.

CEB Governor Rolf Wenzel said: “I would like to thank Norway, Iceland and Liechtenstein for their contribution, which now brings the total number of MRF donors to seventeen. As Europe is still confronted with the arrival of unprecedented numbers of migrants and refugees, these contributions actively demonstrate a strong commitment to European solidarity.”

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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