CEB approves COVID-19 response projects worth €1.3bn
The Council of Europe Development Bank (CEB) has approved eight new loans totalling almost €1.3 billion to its member countries for fighting the COVID-19 pandemic.
The loans are all provided under the Public Sector Financing Facility of the CEB.
Croatia: A €200 million loan will support the government’s policies to mitigate the spread and consequences of the virus. The funds will finance additional medical supplies and equipment, safeguard the availability of medical services to people affected by COVID-19, and help to alleviate the impact of the crisis on the local authorities.
Estonia: A €200 million loan will help maintain the viability of existing businesses, encourage continued investments, create more demand in the economy, and ensure the continuity of essential public services.
Greece: A €200 million loan will support the country’s efforts to provide medical assistance to those affected by coronavirus. The loan will enable the recruitment of additional medical staff for hospitals and the acquisition of medical supplies and equipment.
Kosovo: A €35 million loan will be used to strengthen the capacity of Kosovo’s health care system and provide incentives to medical staff fighting COVID-19.
Latvia: A €150 million Public sector Financing Facility loan to Latvia to support the government in its implementation of a series of measures related to the Covid-19 pandemic.
Moldova: €70 million will finance the provision of medical services to those affected by the virus and to help alleviate the impact of the crisis on micro, small and medium-sized enterprises.
Serbia: A €200 million loan will support the health sector, in particular the acquisition of medical supplies, personal protective equipment and medical or other equipment and consumables needed in order to address the health emergency.
Turkey: €200 million will be used to support the Turkish health system to cope with the spread and consequences of COVID-19, and to ensure the availability of medical services through the provision of the necessary medical treatment, material and equipment.
