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Since 1991, the USA has contributed €112 million to the EBRD’s technical cooperation and investment programmes. It has also contributed €190 million to the Chernobyl Shelter Fund and €26 million to the Nuclear Safety Account. The USA provides its support via several government agencies and through a variety of bilateral and multi-donor funds.
The USA is a founding member of the EBRD, with a 10 per cent capital share and a representative on the Board of Directors.
|Donor funds||€112 million|
|US - EBRD investments||€14.58 billion|
|Consultancy contracts in 2011||68|
Since 1991, the USA has contributed €112 million to the EBRD’s technical cooperation (TC) and investment programmes. Key areas of support are the development of small and medium-sized enterprises (SMEs), the modernisation of infrastructure and the expansion of the financial sector in EBRD countries of operations and nuclear safety.
The United States is one of the strongest sources of foreign direct investment in the EBRD’s countries of operations. As of January 2012 the value of joint US-EBRD investment stood at €14.58 billion, of which the EBRD’s portion was €6.02 billion and the United States’ was €8.56 billion. Adding in further investment from other countries and sources, the total value of projects with US-EBRD involvement was €34.25 billion.
Consultancy services and procurement
In 2011 EBRD and its clients awarded 68 contracts with a total value of €4.12 million to US consultants placing them in the top ten consultant nationalities by value of contract awards. These consultants were involved in projects in finance, power and energy, information technology and nuclear safety.
Cooperation with American banks
The EBRD works closely with American banks within the EU/EBRD Small and Medium-Sized Enterprises (SME) Finance Facility. The Facility is channelled through local banks, leasing companies and equity funds. American financial institutions have taken part in the programme through Bulgarian and Hungarian subsidiaries of GE Finance and the Bulgarian- American Enterprise Fund.
Donor funding helps the EBRD to address challenges
Office of the United States of America
James Hudson, Director
Tel: +44 20 7338 6503
Fax: +44 20 7338 6487
US Commercial Service Liaison Office to the EBRD
Tel: +44 20 7338 7490/7493