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Regional Housing Programme Fund: Switzerland Makes New Contribution

8 March 2019

PARIS - The Swiss government has made an additional donation of EUR 0.9 million to the Regional Housing Programme (RHP).

This latest donation brings the total contribution of Switzerland to the RHP Fund to EUR 5.9 million, and comes as an acknowledgement of the progress achieved by the Programme to date. The funds, which will finance housing solutions in Bosnia and Herzegovina and Serbia, will reinforce the positive impact that the RHP has on families in need of sustainable housing.

As many as 15 donors, including the European Union and the United States of America, have contributed to date a total of EUR 287 million to the RHP cause. Donations to the RHP Fund will dramatically improve the housing situation of more than 11 000 vulnerable refugee families by the end of 2021.

The Council of Europe Development Bank is the only European development bank with an exclusively social mandate and an expertise in migrant and refugee projects as well as in social housing. The RHP is managed by the CEB.

RHP info desk:Secretariat of the Regional Housing Programme ceb-rhp@coebank.org

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 Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook stable and Aa1 with Moody's, 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.