The Council of Europe Development Bank (CEB) operates as a multilateral development bank dedicated to promoting social cohesion across Europe. Its mission centers on ensuring societal well-being by minimizing disparities and preventing marginalization, achieved through financing projects that support vulnerable populations. Key activities span health and social care, education, vocational training, social and affordable housing, urban and rural development, jobs, transport, and microfinance for small and medium-sized enterprises. In 2025, the bank approved €4.5 billion in loans for 54 projects across healthcare, education, housing, jobs, and transport in 26 countries, including 15 designated Target Group Countries. It has also issued €2.6 billion in Social Inclusion Bonds, representing over 40% of its borrowing volume.
The CEB maintains strong ties to affordable and sustainable housing by funding social housing initiatives that address homelessness and support inclusive living environments. These efforts align with its broader lines of action: investing in human capital, promoting resilient communities, and fostering economic inclusion. Cross-cutting priorities include climate action, gender equality, and digitalization, integrated into all projects, which must adhere to strict environmental, procurement, and compliance standards approved by the Administrative Council.
Founded in 1956 as the Resettlement Fund, the CEB evolved through the decades, renaming to its current form in 1999. It now serves 43 member countries, all shareholders and potential borrowers, with eligibility open to all 46 Council of Europe states. Governance is led by Governor Carlo Monticelli. In 2025, activities included €603 million for health and social care in four countries and over €594 million for education in six countries, underscoring its role in bolstering Europe's social infrastructure amid economic pressures.