The Governing Board of the Council of Europe Development Bank (CEB) approved, on Friday 2 December, the 2023-2027 Strategic Framework which includes a substantial capital increase.
Once the process is completed, the CEB’s subscribed capital will increase from €5.48 billion up to €9.73 billion, while the paid-in capital will increase from €0.61 billion up to €1.81 billion.
This decision by the CEB member states is described as “historic” by its Governor, Carlo Monticelli,...