Greece and the EBRD

Donor funding

A technical assistance cooperation fund was established by Greece and the EBRD in 1995. This fund has principally supported the EBRD’s energy and infrastructure development projects as well as the Direct Investment Facility and the implementation of the Enterprise Growth Programme (EGP), part of the EBRD’s Small Business Support (SBS) initiative. In 2010 Greece joined the European Western Balkans Joint Fund under the Western Balkans Investment Framework with a contribution of €500,000.

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Co-financing

Greece is an important source of foreign direct investment in the EBRD’s countries of operations. As of January 2013 the value of joint Greece-EBRD investment stood at €3.49 billion, of which the EBRD’s portion was €2.02 billion and Greece’s was €1.47 billion.  Adding in further investment from other countries and sources, the total value of projects with Greece-EBRD involvement was €11.13 billion.

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Consultancy services and procurement

In 2012 Greek consultants won 25 consultancy contracts totalling over €592,000. These included 19 contracts valued at a total of €329,000 with the SBS team for the provision of management advice. Other areas of expertise were in sustainable energy efficiency and the legal reform sector.

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Cooperation with Greek banks

Greek banks are also 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) issued by banks in the EBRD region to foreign confirming banks.

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