Council Of Europe Development Bank Partial Agreement

The CEB is the oldest partial convention of the Council of Europe. It was established in 1956 as the Council of Europe Resettlement Fund for National Refugees and Over-Population in Europe. As the scope of the banks` activities has gradually spread to other sectors over the years, it was renamed in 1999 and now carries a nominative correspondent with its own field of work. The Council of Europe Development Bank (CEB) is a multilateral development bank with a social focus: it provides loans for social projects to governments, local or regional authorities and public or private financial institutions. Borrowers are usually the beneficiaries of the loans they receive, but they may also be project promoters on behalf of one or more end recipients. The CEB has its origins in the political upheavals that Europe experienced after the Second World War, which caused a deluge of refugees and displaced persons to Western Europe. The CEB, Europe`s oldest multilateral development bank, was established in 1956 by eight Council of Europe member states on the basis of a partial agreement to find solutions to refugee problems. The Bank, signed by eight countries on April 16, 1956, is the first sub-agreement to be reached. Partial agreements allow Council of Europe member states to refrain from participating in a specific activity advocated by other Member States.

From a legal point of view, a partial agreement remains an activity of the Organization in the same way as other activities of the programme, with the exception of the fact that a partial agreement has its own budget and working methods, which are exclusively determined by the members of the partial agreement. The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate. The only member states of development banks that are not part of the Council of Europe are the Holy See and Kosovo. 2005: The Warsaw Summit continues to support the Bank`s traditional mission, but called on the CEB, in its own way, to develop a free, democratic and more inclusive European society. The CEB acts as a development bank and provides loans to Member States. In 2016, assets amounted to 25.6 billion euros[5] to co-finance projects with loans of up to 40% of the cost of the project. The current governor is Rolf WENZEL, born in 1954, of German nationality. Since 2008, the continuing crisis in Europe and its impact on people`s lives have made the MANDATE of the CEB more relevant than ever as a social development bank. The expanded sub-agreements of the Council of Europe may be subject to the signature not only of the Member States of the Organization, but also of other countries and intergovernmental organisations, provided that they are ready to support the project in question and to respect the provisions of the agreement.

The sub-agreement aims to develop the card system for young people, particularly at European level, in the best interests of young people under 26, in order to facilitate their mobility and access to the various goods and services necessary for their personal and cultural development. The expanded cultural routes sub-agreement aims to strengthen the potential of cultural routes in terms of cultural cooperation, sustainable territorial development and social cohesion, with particular emphasis on themes of symbolic importance for European unity, history, culture and values and the discovery of lesser-known destinations.

Comments are closed.