Deputy Minister of Finance of Ukraine Olga Zykova is appointed as Ukraine's representative to the Administrative Council of the Council of Europe Development Bank
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Deputy Minister of Finance of Ukraine Olga Zykova is appointed as the representative of Ukraine to the Administrative Council of the Council of Europe Development Bank (CEB) by the President of Ukraine.
"I am honoured to represent Ukraine in the Administrative Council of the CEB. I am confident that together we will bring Ukraine closer to victory and economic recovery. Representation on the Administrative Council will allow us to effectively use the Bank's experience and resources to help rebuild Ukraine as soon as possible and implement important social projects. Further cooperation with our European partners is also one of the steps towards Ukraine's full integration into the EU," said Olga Zykova.
In June 2023, Ukraine completed the accession process and became the 43rd member state of the Council of Europe's Development Bank. The Bank's cooperation with Ukraine is one of the objectives of the CEB Strategic Plan for 2023-2027.
Within the framework of the Bank's current mandate, the priority areas of financial assistance are to support the social and humanitarian spheres of the countries where the Bank implements its projects.
Additional information:
The Council of Europe Development Bank is a multilateral development bank with a unique mission to promote social cohesion in its 43 member states across Europe. The CEB finances investments in social sectors, including education, health and affordable housing, with a particular focus on the needs of vulnerable populations.
The CEB Administrative Council has a number of responsibilities, including determining the conditions under which Council of Europe member states become members of the Bank, setting conditions for European states that are not members of the Council of Europe and international institutions with a European orientation to become members of the Bank and to suspend the membership of states, etc.