Portugal is a founding member of the EBRD and an important contributor to the Bank's work.
Since 1992, Portugal has contributed more than €2 million in grants for technical cooperation projects . Priority sectors include energy, municipal and environmental infrastructure and small business. For example, Portugal supported the Belgrade Bus Renewal programme in Serbia.
Portugal and the EBRD: at a glance
€2.2mn donor funds supporting EBRD operations
0.42% capital share
€2.16bn Portugal-EBRD investments
Portugal is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Portugal-EBRD investment stood at €2.16 billion as of January 2017. EBRD finance accounted for €1.44 billion, and Portuguese investment accounted for €0.72 million.
Portugal-EBRD investment has been strong in Poland with 44 per cent of joint investments, followed by Romania with 31 per cent, and Hungary with 25 per cent. Broken down by sector, 40 per cent of joint Portugal-EBRD investment has been in financial institutions, 32 per cent in energy, 17 per cent in infrastructure and 11 per cent in industry, commerce and agribusiness.
Portuguese 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 of operations to foreign confirming banks. Through the Programme, the EBRD has supported 28 export and import transactions of Portuguese companies totalling €19.5 million. Over 800 foreign confirming banks and bank branches participate in the Programme, 11 of which are Portuguese.
In 2016, there were 20 consultancy contracts totalling €534,000 awarded to Portuguese consultants by the EBRD, including 18 contracts for €295,000 to the Advice for Small Business programme for provision of management advice.