CEB and EIB Strengthen Cooperation for Sustainable Development

The Council of Europe Development Bank (CEB) and the European Investment Bank (EIB) signed a Mutual Reliance Agreement to enhance cooperation and co-financing of public sector projects outside the European Union. This agreement is aimed at reducing transaction costs and administrative burdens, streamlining project preparation, and focusing on the delivery of benefits for member countries. This collaboration aligns with the G20 Roadmap for Multilateral Development Banks, emphasizing stronger coordination and financing efficiency. Key projects include water irrigation in Greece, a cultural and educational hub in Cyprus, and wastewater facilities in Serbia.