The CEB’s role in supporting Ukraine and its people. Governor Monticelli at Italy-Ukraine Conference on the Reconstruction

28 April 2023

Rome - Carlo Monticelli, Governor of the Council of Europe Development Bank (CEB), speaks about how the CEB has supported people fleeing Ukraine after the Russian invasion, and looking forward how the Bank could contribution to the process of reconstruction, in coordination with other International Financial Institutions.

The Governor participated in a panel with other representatives of International Financial Institutions, during the Italy-Ukraine Conference on the Reconstruction of Ukraine, held on 26 April 2023.

Set up in 1956, the CEB (Council of Europe Development Bank) has 42 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 stable, AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook positive and AAA* with Scope 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.