The Council of Europe Development Bank (CEB) has approved a €200 million loan to Serbia to finance health expenditures aimed at combatting the spread of COVID-19.

The Serbian government has been swift to implement a range of measures, including the purchase of emergency equipment and supplies, to help contain the spread of COVID-19. The CEB loan, in the form of a Public Finance Facility (PFF), will cover gaps in the extraordinary budget lines created for COVID-19 mitigation measures.