Sergii Marchenko Met with Governor of the Council of Europe Development Bank

During a working visit to the IMF and the World Bank Annual Meetings, Minister of Finance of Ukraine Sergii Marchenko met with Governor of the Council of Europe Development Bank (CEB) Carlo Monticelli.

Deputy Minister of Finance Olga Zykova also took part in the meeting.

The parties discussed the procedure for Ukraine's accession to the Council of Europe Development Bank.

“Today, the support of international partners is extremely important for Ukraine. And we are pleased for the opportunity to join the Council of Europe Development Bank, considering the Bank's huge experience in implementing socially important projects”, said Sergii Marchenko.

During the conversation, the parties discussed the further procedural steps that should be taken by the Ukrainian side in order to become a member of the Bank.

In accordance with Ukraine's implementation of the Sustainable Development Goals and PACE Resolution "Humanitarian Consequences of the War in Ukraine", the Interagency Group on Ukraine's Membership in the CEB was created.

The goal is to provide housing for citizens of Ukraine, including internally displaced persons, and to facilitate the implementation of the state housing policy. The cooperation also includes the development of new financial and loan programs, the implementation of international investment projects, including for further crediting of IDPs.

Additional Information

The Council of Europe Development Bank is a multilateral financial institution with a social orientation. The CEB was created in 1956 with the aim of solving issues related to the socially oriented reintegration of refugees, displaced persons and migrants by European countries. 

Membership in the Bank is open to all member states of the Council of Europe and European countries. Currently, the Bank's members include 40 member states of the Council of Europe, the Holy See and Kosovo.

The current activities of the CEB are divided by sectors: refugees and migrants, construction of social housing, improvement of living conditions, environmental protection, overcoming the consequences and prevention of natural disasters, education, health care, preservation of cultural heritage, public administration, support of small and medium businesses. The advantage of CEB is expertise in the areas of civil infrastructure construction, housing construction, education, and health care.