France is a founding member of the EBRD and an important contributor to the Bank's work.
Since 1991, France has contributed €40 million to support the EBRD’s projects through bilateral (€23.4 million) and multi-donor (€16.7 million) initiatives.
France and the EBRD: at a glance
€40m donor funds supporting EBRD operations
8.52% capital share
€22.9bn Spain-EBRD investments
Among others, France was one of the first donors to announce contribution to the multi-donor account for the southern and eastern Mediterranean region. France made available €3 million for this purpose in 2011. More recently, France contributed €1 million to the multi-donor fund for Ukraine.
France is an important supporter of nuclear safety, a key component of the EBRD’s energy strategy. As a G-7 member, France promoted the establishment of both the Nuclear Safety Account and the Chernobyl Shelter Fund and contributed €63.3 million and €115 million respectively.
Through direct commitments and through the European Union, France contributed to the decommissioning of Soviet-designed nuclear plants at three sites in eastern Europe: Kozloduy 1 to 4 in Bulgaria, Ignalina 1 and 2 in Lithuania and Bohunice V1 in the Slovak Republic. France also contributed €40 million to the nuclear window of the EBRD’s Northern Dimension Environmental Partnership (NDEP), which provides grant funding to address severe environmental problems in north-west Russia.
France is one of the strongest sources of foreign direct investment in the EBRD’s countries of operations. The value of joint France-EBRD investment stood at €22.9 billion as of January 2017. EBRD finance accounted for €12.5 billion of this total and French investment accounted for €10.4 billion.
France-EBRD investment has been especially strong in Romania with 41 per cent of joint investments, followed by Poland with 31 per cent and regional joint investments at 28 per cent. Broken down by sector, 50 per cent of joint France-EBRD investment has been in industry, commerce and agribusiness, 28 per cent in energy, 14 per cent in infrastructure, and 8 per cent in financial institutions.
French 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 the countries where we invest to foreign confirming banks. Through the Programme, the EBRD has supported 570 export and import transactions of French companies totalling €314.8 million. Over 800 foreign confirming banks and bank branches participate in the TFP, 25 of which are French.
In 2016 French consultants were awarded 88 consultancy contracts totalling over €8.3 million.