San Marino supports Migrant and Refugee Fund

13 November 2015

PARIS – The Council of Europe Development Bank (CEB) welcomed San Marino’s announcement to contribute € 20,000 to the Bank’s newly established Migrant and Refugee Fund (MRF). Governor Wenzel underlined that San Marino’s contribution is a strong sign of solidarity and the country’s support to European social cohesion.

The announcement was made by His Excellency Guido Bellatti Ceccoli, Ambassador of San Marino to the Council of Europe in Strasbourg.

MRF supports CEB member countries’ efforts to ensure that migrants and refugees who arrive on their territory enjoy basic human rights, such as shelter, food and medical aid, as well as personal security.

The Bank has so far approved € 4.5 million in emergency assistance to “the former Yugoslav Republic of Macedonia” and Serbia to help them cope with the influx of migrants and refugees.

Following a proposal by the CEB Governor Rolf Wenzel Wenzel, CEB member states unanimously approved the establishment of the MRF in October 2015.

The CEB endowed the MRF with € 5 million and invited donors to contribute funds with a view to reaching an amount of € 20 - 25 million.

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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