CEB and Croatia sign €200 million loan agreement to mitigate COVID-19 impact

The Council of Europe Development Bank (CEB) and Croatia’s Ministry of Finance have signed a €200 million loan agreement to support the Government and local authorities in their efforts to contain the COVID-19 pandemic and mitigate its negative impact on essential public services.

Croatia has adopted several public health and economic measures to protect the population and diminish the impact of COVID-19. For instance, in addition to ensuring much-needed medical supplies and equipment, tax and health insurance payments for entrepreneurs have been deferred and the Croatian Health Insurance Fund and local governments have been provided with interest-free loans to compensate for the deferral of tax and insurance payments.

Funding agencies: Council of Europe Bank for Development (CEB)

Countries: Croatia

Published: 2020-07-21

Sectors: Health