Japan is a founding member of the EBRD and an important contributor to the Bank's work.
Japan has provided over €191 million to the EBRD’s donor programmes through bilateral and multilateral funds, making it one of the largest bilateral contributors.
Japan and the EBRD: at a glance
€191m donor funds supporting EBRD operations
8.52% capital share
€9.09bn Japan-EBRD investments
Japan has approved several projects recently. They are related to local currency and development (€5 million) and municipal infrastructure services in the Kyrgyz Republic (€2million), and gender advisory services in ETC, SEMED, and Turkey (€1.2 million) in 2016 and Green Cities Action Plan Implementation Manager, Green Economy Project Preparation and Implementation Framework (€0.7 million) in 2017.
The EBRD is expanding its cooperation and engagement with Japan in the field through its local offices (JICA) to engage with a broader set of development partners– actively reaching out to foundations and corporates. JICA and the EBRD have signed financing agreements for the first time to support the construction of the 50-MW Tsetsii wind farm in southern Mongolia in 2016.
In 2017, Japan replenished the JECF with about €0.9 million. The EBRD very much welcome Japan’s active engagement with the Bank through grant resources and value Japan’s continued support towards our strategic priorities.
Japan-EBRD investment has been especially strong in Turkey with 38 per cent of joint investments and regionally with 38 per cent, as well as in Poland with 24 per cent. Broken down by sector, 36 per cent of joint Japan-EBRD investment has been in energy, 30 per cent in industry, commerce and agribusiness, 20 per cent in infrastructure and 14 per cent in financial institutions.
Japanese banks are also involved in the Trade Facilitation Programme, through which the EBRD guarantees the payment of trade finance instruments issued by banks in its countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported 197 export and import transactions of Japanese companies totalling €169.3 million. Over 800 confirming banks or bank branches participate in the Programme, 16 of which are Japanese.
In 2016 Japanese consultants won 17 consultancy contracts totalling over €1.07 million. These awards included 11 contracts totalling over €86,000 for the Small Business Support programme which provides management and specialist industry advice. The other main areas of expertise were in the sustainable energy investment and SME sector.