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To date, the Swiss State Secretariat for Economic Affairs (SECO) has contributed more than €112 million in technical cooperation (TC) and investment grants to support EBRD operations. This has been channelled mainly towards Central Asia and the Western Balkans, priority areas for Swiss economic assistance, and via contributions to the Early Transition Countries (ETC) Fund.
Switzerland is a founding member of the EBRD, with a 2.28 per cent capital share and a representative on the Board of Directors.
|Donor funds supporting EBRD operations||€112 million|
Swiss - EBRD investments
|Consultancy contracts in 2012||32|
To date, the Swiss State Secretariat for Economic Affairs (SECO) has contributed more than €112 million in technical cooperation and investment grants to support EBRD operations (not including Nuclear Safety contributions). This has been channeled mainly towards Central Asia and the Western Balkans, priority areas for Swiss economic assistance. SECO has also contributed €4.53 million to the EBRD’s multi-donor Early Transition Countries (ETC) Fund.
Switzerland is an important source of foreign direct investment in the EBRD’s countries of operations. As of January 2013 the value of joint Switzerland-EBRD investment stood at €3.6 billion, of which the EBRD’s portion was €2.32 billion and Switzerland’s was €1.28 billion. Adding in further investment from other countries and sources, the total value of projects with Switzerland-EBRD involvement was €10.53 billion, with the majority of these deals in the private sector.
Consultancy services and procurement
In 2012 Swiss consultants were awarded 32 consultancy contracts with a total value of €3.78 million by the EBRD and its clients. These included 10 contracts totalling €61,500 with the Small Business Support (SBS) for the provision of management and specialist industry advice.
Cooperation with Swiss banks
The EBRD works closely with Swiss banks involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments (such as letters of credit or payment guarantees) that are issued by banks in its countries of operations to foreign confirming banks.
Donor funding helps the EBRD to address challenges
Office of the Board Director for Switzerland, Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro and Moldova
Heinz Kaufmann, Director
Tel: +44 20 7338 6506