The Council of Europe Development Bank (CEB) approved by fast-track procedure eight new loans totaling close to €1.3 billion to its member countries for fighting the Covid-19 pandemic. The loans are provided under the Public sector Financing Facility of the CEB, which offers flexible and timely use of CEB funds.
Croatia: A €200 million Public sector Financing Facility loan to Croatia to support the Government’s policies to mitigate the spread and consequences of Covid-19. 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 Public sector Financing Facility loan to Estonia to support the Government’s policies to mitigate the impact of the Covid-19 crisis, 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 Public sector Financing Facility loan to Greece to support the country’s efforts to provide medical assistance to those affected by Covid-19. The loan will enable the recruitment of additional medical staff for hospitals and the acquisition of medical supplies and equipment.
Kosovo: A €35 million Public sector Financing Facility loan to Kosovo to support the provision of medical services to those affected by Covid-19. The funds will 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.
Republic of Moldova: A €70 million Public sector Financing Facility loan to the Government to finance the provision of medical services to those affected by Covid-19 and to help alleviate the impact of the crisis on micro, small and medium-sized enterprises.
Serbia: A €200 million Public sector Financing Facility loan to Serbia to 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: A €200 million Public sector Financing Facility loan aimed at supporting the Turkish health system to cope with the spread and consequences of Covid-19, to ensure the availability of medical services through the provision of the necessary medical treatment, material and equipment.
Original source: CEB
Published on 12 May 2020
