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Council of Europe Development Bank approves €150 million for housing projects in Ukraine

A destroyed detached house in Irpin, Ukraine, April 2022 (Photo by Serhii Vorushylo via Ukraine Media Center)

The Council of Europe Development Bank (CEB) has approved a total of €150 million in funding for two housing projects in Ukraine, the country's finance ministry said on Monday.

Of the total, €50 million will be dedicated to a new project aimed at helping internally displaced persons (IDPs) obtain their own housing, and €100 million will be extra funding for an existing project that allows beneficiaries to receive compensation for housing destroyed during the war.

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