The Council of Europe Development Bank and its Activities in the Context of Global Public Goods
The Council of Europe Development Bank and its Activities in the Context of Global Public Goods

Summary/Abstract: In its activity, the Council of Europe Development Bank (CEB) is particularly obliged to consider the social and environmental impacts of its actions aimed, in principle, at improving the living conditions of communities and supporting their sustainable development, as well as at reducing the social costs of market failure and combating social exclusion. The Bank provides support to projects prioritizing European cohesion in the fields of law, human rights protection, access to education, common cultural heritage and protecting the natural environment. Its activities are directed at the protection and management of global public goods to be widely used by nations, states, civilizations and generations. In view of that, this paper presents the CEB as a multilateral development bank with an exclusively social mandate, and as an organization which does not only uphold and manage global public goods but also constitutes a global public good itself. The objective of this paper is to examine the functioning of the CEB from the perspective of global public goods.

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