Partnerships with donors are key to the Bank’s operations. Funds raised from bilateral donors and the European Union enable the CEB to better support highly social projects by financing technical assistance. In 2016, donors demonstrated their support for the Bank’s use of their funds by making substantial contributions.
The Slovak Republic set up the Slovak Inclusive Growth Account (SIGA), providing € 2 million to the CEB to finance technical assistance for highly social projects. SIGA funds will be used to finance various activities related to the preparation and implementation of projects, such as feasibility studies, environmental and social impact assessments, business plans, tender documentation, contractual arrangements, and advisory services.
Funding for migrants and refugees
In 2016, donors pledged large amounts to the CEB in favour of migrants and refugees.
As at December 2016, € 16 million were pledged to the Migrant and Refugee Fund, bringing the total amount committed to the MRF to € 21 million. The grant-based facility was established by the CEB in 2015 to help its member countries deal with migrant and refugee flows. The CEB endowed it with € 5 million, targeting an additional € 15 to 20 million in grant contributions from member countries and other donors.
The European Union also earmarked € 40 million to the CEB to finance the construction of a state hospital in Turkey in an area of the country severely affected by the influx of refugees from Syria.
Regional Housing Programme (RHP)
The European Commission strongly endorsed the RHP by announcing its intention to contribute an additional € 84 million to this CEB-managed initiative. The new funds should allow for the financing of up to 3 000 additional housing units by 2021. At the same time, Germany committed an additional € 1 million to the RHP. Other donors to the Programme include Italy, the United States, Norway, Switzerland, Denmark, Turkey, Luxembourg, Cyprus, Romania, the Slovak Republic, the Czech Republic and Hungary.