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Cabinet officials

Greece's Long-Standing Commitment to International Cooperation and Development

Strategic Insights

— 1 min read

Greece has been a consistent supporter of international cooperation and solidarity since its modern history began. This commitment is evident in its early inclusion in the Council of Europe Development Bank (CEB) in 1956, alongside eight founding member states. The CEB's mission to strengthen social cohesion, promote democracy, human rights, and the rule of law, aligns with Greece's values and has been a cornerstone of the country's relationship with the institution. As the CEB evolved into a powerful multilateral development bank, Greece has been a key partner, advocating for the bank's unique mission and values.

Key Takeaways:

  • The Council of Europe Development Bank (CEB) was founded in 1956 as a small assistance fund for refugees and displaced populations, and has since evolved into a multilateral development bank.
  • The CEB's mission is to strengthen social cohesion, promote democracy, human rights, and the rule of law, aligning with Greece's values.
  • The CEB has provided direct assistance to refugees from Ukraine, allocating €10 million in loan grants, and has directed approximately €1.3 billion to support refugee accommodation needs in 2022.
  • Greece has welcomed the representative of the Ukrainian government to the meeting, endorsing the country's future membership in the CEB without cost.
  • Greece and the CEB have strengthened their relationship over the past five years, with over €350 million approved for new funding in areas such as civil protection, health, natural resource management, and SMEs.
  • The CEB has disbursed €272 million of the approved funding, with more projects in the pipeline.

Statistics:

  • €10 million allocated in loan grants to support refugees from Ukraine.
  • €1.3 billion directed to support refugee accommodation needs in 2022, equivalent to one-third of the CEB's total lending volume for the year.
  • €350 million approved for new funding over the past five years.
  • €272 million disbursed of the approved funding.
  • Greece has been a member of the CEB since 1956.

Sources:

  • Council of Europe Development Bank (no specific source date provided)
  • Euclid Infotech Pvt. Ltd. (2023) - distributed by Contify.com

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