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<p>Her Majesty’s Government has no plans to join the Council of Europe Development
Bank (CEB). The CEB focuses its operations in 22 target countries in Central, Eastern
and South-Eastern Europe, including the Balkans. The UK already has the tools to achieve
our development objectives in these geographies in an effective way that represents
value for money for the UK tax payer. For example, we work bilaterally through the
joint DFID-FCO Good Governance Fund and have a multilateral footprint through our
capital share in the European Bank for Reconstruction and Development.</p>
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