Part II Institutions, s.3 Institutions Based on Partial or Enlarged Agreements, 14 The Council of Europe Development Bank

Subject(s):

Democracy — Responsibility of international organizations — Rule of law

This chapter attempts to contribute to a better understanding of the Council of Europe Development Bank (CEB) and its evolving role. It explores the financial and organisational aspects of the CEB, particularly in its role as a social development bank. The CEB is a modern International Financial Institution (IFI), with a focus on social development in Europe. It is a co-financier together with other IFIs of social projects; it has a network of contacts and partnerships with European and worldwide institutions as well as a special relationship with the Council of Europe (CoE). As a development bank it has maintained its primary purpose of helping refugees, displaced persons or migrants, as well as victims of natural disasters through loans and technical assistance. Over the past decades, the CEB has also broadened its activities to support social cohesion and employment in Europe in general.