Poland and the CEB sign a $474.5 million loan agreement to support the…

(MENAFN) The Council of Europe Development Bank (CEB) on Friday signed a contract with Poland to provide a loan of 450 million euros ($474.5 million) to support more than 4 million refugees Ukrainians in the country.

According to an announcement released by the EU financial institution, the loan was signed by CEB Governor Carlo Monticelli and Polish Finance Minister Magdalena Rzeczkowska.

Monticelli said that “the loan amount we signed today demonstrates the CEB’s unequivocal determination to support Poland in a timely and effective manner to overcome an unprecedented economic challenge and human tragedy”.

He also said, “In this regard, we are very pleased that our loan is designed to respond to the changing needs of displaced people and their host communities, involving both government institutions and civil society.

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