Re-election of the Vice-Governor for Social Development Strategy at the CEB

10 June 2011

TIRANA - At its meeting in Tirana (Albania) on 10 June, the Governing Board elected Mr Apolonio Ruiz-Ligero, of Spanish nationality, to the post of Vice-Governor for Social Development Strategy for a five-year mandate, effective as of 18 December 2011.

Mr Ruiz-Ligero, currently Vice-Governor Delegate of the CEB, was first elected Vice-Governor on 19 June 2001, then re-elected on 15 September 2005.

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 (Aaa with Moody's, outlook negative, 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.