Slovak Republic contributes another €2 million to the CEB to promote sustainable development

Slovak Republic contributes another €2 million to the CEB to promote sustainable development

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The Council of Europe Development Bank (CEB) welcomes an additional €2 million grant contribution from the Slovak Republic to the “Slovak Inclusive Growth Acount” (SIGA).

The SIGA, which the Slovak Republic endowed with a €2 million grant contribution in 2016, supports inclusive growth and environmental sustainability, which are among the CEB’s strategic priorities.

More specifically, the SIGA finances technical assistance related to the preparation and implementation of projects, such as feasibility studies, environmental and social impact assessments, business plans, tender documentations, contractual arrangements, and advisory services.

Most recently, the SIGA funds have financed health infrastructure in Serbia; environmental protection in Georgia; and improvements to detention facilities in Bosnia and Herzegovina, among other projects.

The Slovak Republic, a CEB member since 1998, has also contributed €300 000 to the CEB’s Migrant and Refugee Fund (MRF), which was established in October 2015.

Original source: CEB
Published on 20 August 2019