Taipei China helps to improve people’s lives and environments in the countries where the EBRD works through generous funding for a wide range of projects.
Taipei China and the EBRD: at a glance
€36.5 million donor funds for technical cooperation projects
US$ 140 million co-financing in support of EBRD projects
€1.46 billion Taipei China – EBRD investments
Taipei China has been involved in long-standing cooperation with the EBRD, with a first technical cooperation (TC) fund being established in 1991. A total of €36.5 million has been provided for TCs, which includes the bilateral TaiwanBusiness–EBRD Cooperation Fund and donations to various multi-donor accounts.
Taipei China helping the Bank’s TC projects in sustainable resource management, intelligent transportation systems, the information technology-related knowledge economy as well as the corporate sector through funding for the Advice for Small Business and the Women in Business initiative.
In 2016 the TaiwanBusiness-EBRD Technical Cooperation Fund was replenished by $ 2.5 million, ETC Fund and SEMED MDA were replenished with further $300,000 each. For the first time, funding from Taipei China contributed to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund in the amount of $300,000 and the EBRD Small Business Impact Fund (SBIF) in the amount of $600,000.
In 1994, the EBRD and the International Cooperation and Development Fund (TaiwanICDF), the bilateral executing agency of Taipei China’s foreign assistance programme, extended their cooperation in support of the MSME sector in countries where the EBRD works.
Contributions totalling US$ 60 million have been channelled through the EBRD’s Financial Intermediary and Private Enterprises Investment Special Fund to the EBRD’s partner lending institutions for on-lending to MSMEs and to co-finance loans in the agribusiness sector. TaiwanICDF is committed to green energy, and they have been collaborating with the EBRD to help countries adopt toward greater use of solar and to become lower carbon by providing US$ 80 million for concessional financing that is channelled through the Green Energy Special Fund ( GESF).
Taipei China is an important source of foreign direct investment in countries where the EBRD works. The value of joint Taiwanese-EBRD investment stood at €1.46 billion as of January 2017. EBRD finance accounted for €1.18 billion and Taiwanese investment accounted for €283 million.
The EBRD works closely with Taiwanese banks involved in the Trade Facilitation Programme, 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 countries where we work to foreign confirming banks.
Through the Programme the EBRD has supported 101 export and import transactions of Taiwanese companies, totalling €30.2 million. Twelve Taiwanese banks and branches have joined the programme as confirming banks.
In 2016, Taiwanese consultants were awarded 27 contracts totalling €1.3 million by the EBRD, including 18 contracts from the Advice for Small Business programme for the provision of management advice. The other areas of expertise were in the municipal infrastructure, small business and sustainable energy investments sectors.