40 member states 224
Hungary and the CEB sign two loan agreements to support
the social and economic development
Bosnia and Herzegovina
of the country's South and North-Eastern parts
Paris, 19 May 2008
Denmark On 19 May 2008, Hungary and the CEB signed two loan agreements for a total
Estonia amount of € 126 million:
• The first loan, amounting to € 71 million, is aimed at financing investments to
promote the economic and social development of the North Great Plain Region
Germany This is the CEB's first operation in favour national authorities for a European
Greece Union Operational Programme. The Operational Programme provides a
Holy See comprehensive long-term development framework for Hungary’s poorest region.
It reflects the region’s specific needs, including a focus on vulnerable
populations and on investments to promote economic development and to
Iceland improve social services in less developed municipalities in the region.
• The second loan, amounting to € 55 million, is aimed at financing investments to
promote the economic and social development of the South Great Plain Region
This other CEB operation under an EU Operational Programme aims on the one
Lithuania hand to increase the competitiveness of the regional economy, leading to the
Luxembourg creation and preservation of jobs; and on the other hand to increase regional
Malta cohesion by improving the public infrastructure which determines living
conditions for the population.
Montenegro Through these two operations, CEB funds will reach beneficiaries throughout South
Netherlands and North-Eastern Hungary, and will contribute to the economic catch up of the two
Slovak Republic *
Set up in 1956, the CEB (Council of Europe Development Bank) has 40 member states. 18 Central and Eastern
European countries are listed among the member states.
As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available to them
"the former Yugoslav resources raised in conditions reflecting the quality of its rating (AAA with Standard & Poor's, Fitch Ratings and Moody's).
Republic of Macedonia" It thus grants loans to its member states, to financial institutions and to local authorities for the financing of projects in the
social sector, in accordance with its Articles of Agreement.
Press contact: Armelle de La Jugannière - Tel: +33 (0)1 47 55 55 53 www.coebank.org