The social development bank for Europe

Donor support

Publication date: 20 December 2024

Russia’s aggression against Ukraine in 2022 caused widespread destruction and forced millions of people to flee their homes: at the end of 2022, close to 14 million people, or almost a third of the Ukrainian population, had been displaced.

IOM Bulgaria opened the first center for children refugees from Ukraine
IOM Bulgaria opened the first center for children refugees from Ukraine

As a first response, the CEB granted €7.5 million in donor funds for assistance to refugees from Ukraine. These funds provided fast access to transport, shelter, medical care and counselling. They were channelled through the Migrant and Refugee Fund, a trust fund established by the CEB in 2015 in response to a surge in migration and displacement at that time.

Subsequently, the Bank established a dedicated trust fund, the Ukraine Solidarity Fund (USF), to aid displaced people from Ukraine and support the reconstruction of the country. Ireland championed the creation of this trust fund as host of the CEB’s annual joint meeting in July 2022, endowing it with €1 million in seed financing. Germany, Lithuania and Czech Republic made additional substantial financial contributions to the USF.

Support from the European Union

Through the Ukraine Investment Framework, the EU is providing a €10 million grant, which will help the Ukrainian authorities enhance the impact of their compensation mechanism within the context of the HOME project.

Governor Carlo Monticelli and EU Commissioner for Enlargement Marta Kos sign a letter of intent for a grant to the HOME project at the Ukraine Recovery Conference 2025 in Rome.
Governor Carlo Monticelli and EU Commissioner for Enlargement Marta Kos sign a letter of intent for a grant to the HOME project at the Ukraine Recovery Conference 2025 in Rome.

Success stories

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