Council of Europe Bank loan to Nuremberg for education and refugee integration

The governor of the Council of Europe Development Bank (CEB) Dr. Rolf Wenzel and the Special Representative of the Secretary-General on migration and refugees, Ambassador Tomáš Boček,took part in a signing ceremony in Nuremberg, between the CEB and the city of Nuremberg, of a financial agreement aimed at supporting the effective integration of refugee and migrant families through education.

The CEB contribution consists of a loan of 80 million euros to finance the construction and renovation of schools and early childhood care facilities, including investments in IT and digitalisation and a grant of 600 000 euros for a project to support the identification of immigrants’ own potential as well as their learning and qualification needs. At least fifty different institutions, including schools, are expected to benefit from the CEB funds.

Governor Wenzel said: “While migrants and refugees continue to arrive in Europe, it is important to address not only the urgent needs of new arrivals but also their integration into society and the labor market of receiving countries. The CEB has always given particular attention to both these aspects of migration, supporting the investment needs of its member countries in terms of public infrastructure. The agreements that will be signed tomorrow will enhance the quality of education facilities and training in Nuremberg, benefiting migrants and refugees as well as the local population.”

Original source: CoE
Published on 18 December 2018