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Working with us

The Trade Facilitation Programme

Achievements

The EBRD lives up to its reputation as the best international development bank in trade, regularly winning industry recognition.

2012

TFP awarded environmental and social accolade

Each year the EBRD’s Environment and Sustainability Department (ESD) selects a number of EBRD projects to receive environmental and/or social recognition for their work in the past year.

This year, the TFP team won the 2011 award for participating in the development of an online training course for environmental and social issues in trade finance. The course has recently been adopted by the International Chamber of Commerce.

Anne Maria Cronin, Principal Environmental Adviser in the ESD, says of the course: “It really helps local banks to understand the environmental and social risks that could be associated with trade finance activities, which in turn could carry significant reputational risks for local banks as well as for the EBRD.”

Trade finance awards

2011

Best Developmental Financial Institution in Trade Finance Magazine’s Trade Excellence Awards
Best Developmental Financial Institution Gold Award in Trade & Forfaiting Review

2010

Best Development Bank award in Global Trade Review’s Leader in Trade Awards
Best Developmental Financial Institution in Trade Finance Magazine’s Trade Excellence Awards
Best Developmental Financial Institution in Trade & Forfaiting Review

Comment

In order to improve on the availability of trade limits from the commercial market, more than 700 foreign trade transactions have been supported by our TFP programme in 2010 alone, thus providing additional benefits to the trade finance market.

The Bank is still playing an important role in promoting cooperation between the regional trade programmes and co-financing with other development agencies, commercial banks, insurance underwriters and investment funds.

At the same time, we continue to develop and test innovative additions to our programme and to share our experience with other development agencies.

Dr Rudolf Putz, who heads up the programme:

“During the recent liquidity crisis many foreign commercial banks found it difficult to provide banks in emerging markets with sufficient liquidity.

As a result, the EBRD offered not only up to 100% risk cover for letters of credit issued by TFP client banks in eastern Europe and the Commonwealth of Independent States (CIS), but also provided the client banks with the necessary liquidity for pre-export finance, post-import finance and financing of local distribution of imported goods.”

Dr Putz adds that while other major trade liquidity and co-financing programmes support mostly large international banking groups, our trade facilitation programme supports large international banking groups whilst also funding smaller banks in early transition countries.

“Based on the EBRD’s positive experience, other development banks like the Asian Development Bank and Inter-America Development Bank are now offering similar facilities to banks in their countries of operation,” Dr Putz notes.

He highlights the Bank’s ongoing support of eastern Europe and the CIS as one of our biggest achievements in the past year.

“As a result of on-going negotiations concerning the restructuring of trade finance debt in Kazakhstan and Ukraine, most foreign commercial banks, insurance underwriters and export credit agencies suspended their trade finance facilities for borrowers in eastern Europe and the CIS.

In many cases the EBRD is the only institution which can still provide risk cover and liquidity for financing foreign trade with importers and exporters in this area.”

Last updated 22 March 2012