Сooperation with Council of Europe Development Bank (CEB)

Council of Europe Development Bank (CEB) is a multilateral development bank with social vocation (www.coebank.org). Seated in Paris, established in 1956 by 8 Member States of the Council of Europe, CEB is the oldest multilateral financial institution in Europe. Today, CEB counts 41 Member States, among which the Republic of Macedonia as well.

CEB managing bodies are the following: Management Board, Administrative Council, Governor and Audit Board.

Republic of Macedonia became CEB Member State in 1997, thus acquiring the right to borrow from this financial institution. In addition, Republic of Macedonia assigned its representative to the Administrative Council, as well as the Bank Management Board, bodies actively participating in the decision - making process. As of 1997 until today, CEB has approved projects in the private sector in the Republic of Macedonia in the total amount of EUR 264 million.

CEB represents financial solidarity among the European countries. Analysis of activities undertaken during the last years indicates that there are four main sectors, in which the Bank acts:

  • strengthening social integration;
  • environmental management;
  • support to public infrastructure with social vocation;
  • support to small- and medium-sized enterprises (SMEs.).

On-going Projects financed by Council of Europe Development Bank