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Ukraine joins Council of Europe Development Bank


The Council of Europe Development Bank (CEB) authorised Ukraine’s membership and provided funding to assist Ukrainian refugees living in Europe.

“The Council of Europe Development Bank adopted a decision on special conditions for Ukraine to acquire membership in this financial institution as soon as possible. CEB also allocated funds to support Ukrainian refugees in Germany and Lithuania,” the Ministry of Communities and Territories Development of Ukraine informs.

Oleksiy Chernyshov, Ukraine’s Minister of Communities and Territories Development, claims that joining CEB will give our nation more opportunities to house war-affected Ukrainians, offer social services, and rebuild social infrastructures that have been destroyed, such as hospitals, schools, and kindergartens.

The Bank’s administrative board recently approved five additional loans totalling 465 million euros, the majority of which will be used to aid Ukrainian refugees living in CEB member nations. The resolution addresses, among other things, the housing of Ukrainian refugees in host communities, the distribution of emergency relief, humanitarian measures, etc.

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