CEB approves €326.5m COVID-19, sustainable growth loans
The Council of Europe Development Bank (CEB) has approved new loans totalling €326.5 million to help member countries mitigate the impact of COVID-19, preserve and create jobs, as well as invest in sustainable transport solutions and improve education.
In Italy, a €75 million loan to Ente Ospedaliero Ospedali Galliera will help finance the construction of a new hospital in compliance with the highest European standards in terms of accessibility and services.
A €10 million loan to San Marino will support the country’s efforts in managing the COVID-19 health crisis by co-financing medical expenses incurred by the State Hospital. In particular, San Marino’s hospitalisation capacity will improve to 20 ICU and 70 coronavirus-dedicated beds, while medical supplies, such as the diagnostic tests, will help to contain another potential coronavirus outbreak.
A total of €20 million in additional financing to ProCredit Bank Serbia will support micro, small and medium-sized enterprises, particularly those that have been negatively impacted by the COVID-19 pandemic.
In Sweden, a €100 million Public Sector Financing Facility to the City of Uppsala will partially finance the construction of new educational buildings as well as restoration, renovation, or extension of existing facilities. In addition, all new and renovated infrastructures will be energy efficient and will be planned for better climate resilience.
