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The Regional Housing Programme gets positive reviews and additional donor pledges

28 November 2019

PARIS – The Council of Europe Development Bank (CEB) hosted the 15th meeting of the Steering Committee of the Regional Housing Programme (RHP) and the 19th meeting of the RHP Fund Assembly of Donors on its premises on 26 November 2019. The RHP governance bodies reviewed the Programme’s progress to date, discussed completion strategies, and several donors pledged additional contributions.

RHP Steering Committee Novemeber 20195,600 RHP-financed homes have been delivered to vulnerable families across the four partner countries (Bosnia and Herzegovina, Croatia, Montenegro, and Serbia) to date, bringing the Programme closer to its target of delivering approximately 11,800 homes to some 35,000 beneficiaries.

Several donors pledged additional contributions to the RHP. Germany pledged a contribution of €1 million, bringing its total contribution to the Programme to €10 million. Norway pledged NOK 7 million (approximately €700 000) and  €500 000 was pledged by Switzerland, bringing their total contributions to €7.7 million and €6.4 million respectively. Spain, who has already contributed €213,000 to support RHP implementation, has also expressed its willingness to provide additional financing.

The Assembly of Donors unanimously elected Norway as the Co-chair of the RHP Fund Assembly of Donors and the RHP Steering Committee for 2020.

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Regional Housing Programme

The Regional Housing Programme provides housing to vulnerable persons who were displaced during the 1990s conflicts in the former Yugoslavia and have been living in dire conditions ever since. The Programme targets 11,300 vulnerable families in Bosnia and Herzegovina, Croatia, Montenegro, and Serbia. It is financed, for the most part, by the international community, with the European Union, represented by the European Commission, as the largest donor.

The CEB helps Partner Countries implement the Programme, manages donor contributions, and coordinates all stakeholders. The United Nations High Commissioner for Refugees (UNHCR) and the Organization for Security and Co-operation in Europe (OSCE) are in charge of monitoring beneficiary selection and sustainability aspects of the RHP.

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 (AA+ with Fitch Ratings, outlook positive, AAA with Standard & Poor's, 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.