Belgium is a founding member of the EBRD and an important contributor to the EBRD's work.
Since 1994, the governments of Belgium, Flanders and Wallonia have contributed over €1.9 million in technical cooperation (TC) funds, mainly to projects in manufacturing and transport.
Belgium and the EBRD: at a glance
€1.9mn donor funds supporting EBRD operations
2.28% capital share
€6.1bn Belgium-EBRD investments
Since 2006, Belgium has also contributed €22 million to the EBRD’s Multilateral Carbon Credit Fund (MCCF), an EBRD-EIB instrument dedicated to countries from central Europe to Central Asia.
Belgium is an important source of foreign direct investment in the EBRD’s countries of operations. As of January 2016, the value of joint Belgium-EBRD investments stood at €6.1 billion. EBRD finance accounted for €3.5 billion of this total and Belgian investment accounted for €2.6 billion.
Belgium-EBRD investment has been strong in Hungary with 44 per cent of joint investments, followed by Poland with 32 per cent, and Slovenia with 24 per cent. Broken down by industry, joint Belgium-EBRD investment has been for 44 per cent in industry, commerce and agribusiness, 27 per cent in infrastructure, 16 per cent billion in financial institutions, and 13 per cent billion in energy.
Belgian banks are also involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments issued by banks in countries where we invest to foreign confirming banks. Through the Programme, TFP has guaranteed 336 export and import transactions of Belgian companies totalling €134.5 million. Of the 800 foreign confirming banks and bank branches in the Programme, eight are Belgian.
In 2015, Belgian consultants were awarded 31 consultancy contracts with a total value of €3.3 million. The main areas of expertise were in economic research, sustainable energy and SME sectors.. In 2015, to facilitate Belgian consultants’ participation in the Bank’s consultancy assignments, the EBRD held outreach events in Antwerp and at the EBRD’s Headquarters in London.