PARIS – The Council of Europe Development Bank (CEB) and “100 Resilient Cities – Pioneered by The Rockefeller Foundation” (100RC) today signed a Memorandum of Understanding to support eligible cities in the 100RC Network with project preparation and implementation, as they endeavour to build resilience to the physical, social, and economic challenges of the 21st Century.
The agreement will help cities across Europe prepare for and respond to shocks such as natural disasters, as well as chronic stresses such as water shortages, homelessness, and unemployment. Through this cooperation, the CEB and 100RC will build on 100RC’s work with member cities to devise citywide Resilience Strategies, supporting member cities to further develop their capacity to design and implement projects, as well as to leverage resources in order to build resilience. The agreement also marks the first important partnership between the CEB and a major philanthropic initiative.
Through the partnership, the CEB will provide eligible cities with:
- Technical assistance and direct funding for selected projects that align with CEB’s mandate through loans or grants, for project preparation and implementation.
- Workshops on thematic areas of shared interest between the CEB, 100RC, and member cities.
- Joint development with 100RC of innovative urban finance solutions.
“CEB’s focus on advancing social cohesion and integration across Europe is fundamentally aligned with urban resilience building. In an increasingly complex and challenging world, cities need partnerships with organisations like the CEB to build the mechanisms and momentum to finance and implement the initiatives and projects needed to withstand the shocks and stresses of the 21st century,” said Michael Berkowitz, President of 100RC. “With this partnership, we see ample opportunity to continue supporting our network of cities throughout Europe, and to continue building a global evidence base of resilience initiatives and projects.
CEB Governor Rolf Wenzel said: “Sustainable development cannot be achieved without rethinking and transforming the way we build and manage urban communities. This is why the CEB has made a priority of working with municipalities and cities to promote social development and create inclusive communities around Europe. This new partnership with “100 Resilient Cities” reaffirms the CEB’s ongoing engagement in this area as part of its wider efforts to help build a more resilient, more inclusive Europe. We are ready to expand our activity in this sector by cooperating with other similar foundations supporting social infrastructure and services.”
Thanks to its unique mandate promoting social cohesion in Europe, the CEB is a natural partner for inclusive and sustainable cities seeking to diversify their financing. Over the past decade, the CEB has invested €1.6 billion in social infrastructure development for cities across Europe, including projects in housing, health and education.
About “100 Resilient Cities – Pioneered by The Rockefeller Foundation”
“100 Resilient Cities – Pioneered by The Rockefeller Foundation” (100RC) helps cities around the world become more resilient to social, economic, and physical challenges which are a growing part of the 21st century. 100RC provides assistance through funding for a Chief Resilience Officer in each of the cities members, who will lead resilience efforts; resources for drafting a Resilience Strategy; access to private sector, public sector, academic, and NGO resilience tools; and membership in a global network of peer cities to share best practices and challenges. For more information, visit: www.100ResilientCities.org.
About the CEB
Set up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank’s target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody’s, outlook stable, AA+ with Standard & Poor’s, outlook positive and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.