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Council of Europe Development Bank

Department for International Development written question – answered on 29th April 2019.

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Photo of Lord Touhig Lord Touhig Labour

To ask Her Majesty's Government whether they have any plans to join the Council of Europe Development Bank.

Photo of Baroness Sugg Baroness Sugg The Parliamentary Under-Secretary of State for International Development

Her Majesty’s Government has no plans to join the Council of Europe Development Bank (CEB). The CEB focuses its operations in 22 target countries in Central, Eastern and South-Eastern Europe, including the Balkans. The UK already has the tools to achieve our development objectives in these geographies in an effective way that represents value for money for the UK tax payer. For example, we work bilaterally through the joint DFID-FCO Good Governance Fund and have a multilateral footprint through our capital share in the European Bank for Reconstruction and Development.

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