Canada is a founding member of the EBRD and an important contributor to the EBRD's work.
Canada and the EBRD: at a glance
€40mn donor funds supporting EBRD operations
3.4% capital share
€7.15bn Canada-EBRD investments
In recent years Canada has focused on Ukraine, and specifically in areas where the EBRD does not normally operate. Canada also participates in multi-donor initiatives such as the Early Transition Countries (ETC) Fund and the European-Western Balkans Joint Fund, as well as represents three of the four SEMED countries (Morocco, Jordan and Tunisia) and EBRD’s Board of Directors.
Canada is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Canada-EBRD investment stood at €7.15 billion as of January 2017. EBRD finance accounted for €4.03 billion of this total and Canadian investment accounted for €3.12 billion.
Since the EBRD starting operating in 1991, Canada-EBRD investment has been highest regionally as well as in Romania and Mongolia. By sector, 56 per cent of joint Canada-EBRD investment has been in the energy sector, 30 per cent in industry, commerce and agribusiness, 12 per cent in infrastructure and 2 per cent in financial institutions.
Canadian 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.
In 2016 Canadian consultants won 44 EBRD-awarded consultancy contracts totalling over €1.4 million. Areas of expertise were in small and medium-sized enterprises, municipal infrastructure and financial institutions sectors.