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
US$ 38.5 million donor funds for technical cooperation projects
US$ 125 million co-financing in support of EBRD projects
€1.2 billion Taipei China – EBRD investments
Taipei China has been invoilved in long-standing cooperation with the EBRD, with a first technical cooperation (TC) fund being established in 1991. A total of US$ 38.5 million has been provided for TC, which includes the bilateral Taiwan Business–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 Small Business Support (SBS) and the Women in Business programmes.
In 2013, it replenished the bilateral TaiwanBusiness-EBRD Technical Cooperation Fund with US$ 1.5 million and the Early Transition Countries (ETC) Fund, to which Taipei China was one of the founding contributors, with US$ 500,000.
In 1994, the EBRD and the International Cooperation and Development Fund (Taiwan ICDF), 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$45 million have been channelled through the EBRD’s Financial Intermediary Investment Special Fund (FIISF) to the EBRD’s partner lending institutions for on-lending to MSMEs. The most recent contribution of US$20 million was signed in 2011 and was provided as co-financing for projects in Romania, Mongolia and Azerbaijan through partner lending institutions which focus on micro and small enterprises.
In 2011, Taiwan ICDF provided US$ 80 million for concessional financing to support projects in municipal and environmental infrastructure, energy efficiency and green technology. Since 1998, Taipei China has provided €2 million for 119 Small Business Support (SBS) projects helping small and medium-sized enterprises access business advice through local consultants and international industry experts in 13 countries. In addition, the funding has supported over 69 Women in Business projects in Armenia.
Taipei China is an important source of foreign direct investment in countries where the EBRD works. The value of joint Taipei China-EBRD investment stood at €1.2 billion as of January 2014. EBRD finance accounted for €970 million, and Taiwanese investment accounted for €230 million.
The EBRD works closely with Taiwanese 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 countries where we work to foreign confirming banks.
Since the start of the Programme in 1999 the EBRD has supported more than 15,500 transactions worth over €9 billion, including 97 export and import transactions of Taiwanese companies, totalling €22.6 million. Twelve Taiwanese banks and branches have joined the programme as confirming banks.
In 2013, Taiwanese consultants were awarded seven contracts totalling €310,500 by the EBRD, including one contract award from SBS for the provision of management advice. The other areas of expertise were in the municipal infrastructure and transport sector.