The Council of Europe Development Bank (CEB) today approved seven new loans totalling €628 million. The financing will support investments in social infrastructure across Europe, as well as improved access to funding for micro, small and medium-sized enterprises (MSMEs).
Cyprus: A €65.5 million Public Sector Financing Facility (PFF) to the Government to promote equitable and inclusive public education in Cyprus. The proposed PFF is expected to have a positive social impact in improving the safety of pupils and teachers through the upgrading of public-school infrastructure to anti-seismic requirements. End beneficiaries will include pupils, students, teachers and education staff who will benefit from safer and improved learning and teaching environment.
Czech Republic: A €50 million Programme Loan to Národní rozvojová banka (NRB) to improve living conditions in urban and rural areas by co-financing investments in revitalisation and modernisation of public infrastructure, as well as in environmental protection. The final beneficiaries will be the residents of municipalities as the investment projects will improve basic services and bring the living standard of the local population closer to the EU average.
Germany: A €100 million Programme Loan to Leipziger Wohnungs and Baugesellschaft MBH to complement an existing CEB Programme Loan from 2019 to finance the provision of rental housing in the City of Leipzig. The additional loan will finance the construction of new rental housing and the renovation of existing housing estates, with the aim of promoting a balanced housing policy and ensure social diversification. The direct beneficiaries will be low-income households, including young families, single parents, elderly persons, students, migrants and refugees.