Germany contributes an additional € 1 million to the Regional Housing Programme

12 décembre 2016

PARIS – Germany is contributing a further € 1 million to the RHP Fund, in addition to the € 5 million which it donated in 2012. This contribution makes Germany the third biggest donor to the RHP Fund, after the European Union and the United States.  

At the latest RHP Assembly of Donors meeting held on 1st December in Paris, Germany pledged an additional € 1 million for the RHP Fund. This contribution was signed today, bringing the country’s overall commitment to € 6 million. The latest contribution from Germany is earmarked for Montenegro and will be used to finance the construction of individual houses in Montenegrin municipalities.  

Germany’s representative, Mr Georg Hagl, highlighted that these additional resources reflected his country’s appreciation of the RHP: “All stakeholders have a reason to be optimistic and enthusiastic about its future and outcome.”

As of today, a total of € 269 million has been pledged for the RHP, of which € 230 million by the European Union. A total of 22 housing projects worth € 155 million have been approved to date. These projects should improve the living conditions of over 20 000 vulnerable persons in the four partner countries. 

Fondée en 1956, la CEB (Banque de Développement de Conseil de l'Europe) compte 41 États membres, dont 22 pays d'Europe centrale, orientale et du Sud-Est formant les pays cibles de la Banque. En tant qu'instrument majeur de la politique de solidarité en Europe, la Banque finance des projets sociaux en mettant à leur disposition des ressources levées dans des conditions reflétant la qualité de sa notation (Aa1 auprès de Moody's, perspective stable, AA+ auprès de Standard & Poor's, perspective stable et AA+ auprès de Fitch Ratings, perspective stable). Elle accorde des prêts à ses États membres, à des établissements financiers et à des autorités locales pour le financement de projets dans le secteur social, conformément à son Statut.

Secteur associé
Pays concerné