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Ukrainian refugees: a “record” loan from the Council of Europe to Poland

Ukrainian refugees: a “record” loan from the Council of Europe to Poland

MISE À DAY

The Council of Europe Development Bank (CEB) on Friday granted Poland a loan of 450 million euros, an amount described as “record” for the institution, in order to help Warsaw care for people fleeing the war in Ukraine. 

“This loan is the largest ever approved by the CEB. It will support the Polish government's plan to deal with the massive influx of people fleeing the war in Ukraine,” the Council of Europe said in a statement.

Human rights watchdog on the European continent, based in Strasbourg, explains that the priority of this loan “will be to cover the cost of exceptional subsistence allowances, lump sum accommodation allowances and monthly allowances for dependent children”.

“Our loan has been designed to respond to the fluctuating needs of displaced people and their host communities, by mobilizing both government institutions and civil society”, underlined CEB Governor Carlo Monticelli.

According to the United Nations High Commissioner for Refugees (UNHCR), as of June 21, more than 8 million people have crossed Ukraine's borders without returning since the beginning of the Russian invasion on February 24.

More than half were ve rs Poland, with more than 4.1 million arrivals. They are mainly women, children and the elderly.

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