an inter-governmental financial institution whose action is complementary to that of other European financial institutions
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Vt ka kirjet 'Euroopa Nõukogu Arengupank - Council of Europe Development Bank'. [17.05.2017]
Although it is a separate legal and financial entity, it is closely linked to the Council of Europe and is its financial instrument. The Fund's priority aims are aid to refugees and migrants, to less favored regions or to those hit by natural disasters; its efforts are also directed towards creating and maintaining jobs, towards social housing, social infrastructures, education, health and protection of the environment. The Fund acts as a development bank.
The Council of Europe Development Bank dates from 1956, when the Council of Europe established the Resettlement Fund for National Refugees and Over-Population in Europe as a Partial Agreement. In 1994, it changed its name to the Council of Europe Social Development Fund, before becoming the Council of Europe Development Bank in 1999.
Eraldada eelarvest Euroopa Nõukogu Sotsiaalarengufondile liikmemaksu tasumiseks Eesti kroone 509 000,00 (viiesaja üheksa tuhande) ECU ekvivalentses väärtuses.
'multilateral development banks' shall mean the International Bank for Reconstruction and Development, the International Finance Corporation, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the Council of Europe Resettlement Fund, the Nordic Investment Bank, the Caribbean Development Bank, the European Bank for Reconstruction and Development, the European Investment Fund, the Inter-American Investment Corporation and the Multilateral Investment Guarantee Agency;"
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