United Kingdom: EBRD shareholder profile

Coast in UK

The United Kingdom is a founding member of the EBRD and a generous contributor to the Bank's work.

 

Since the establishment of the Bank in 1991, the United Kingdom, through the Department for International Development (DFID), has contributed over €85 million of UK aid in technical assistance funds.

United Kindgom and the EBRD: at a glance
€85mn donor funds supporting EBRD operations
8.52% capital share
€22.5bn United Kingdom-EBRD investments

The UK remains closely engaged in the Bank’s activities and is particularly involved in climate change issues at the multilateral and bilateral levels in the SEMED region and in Central Asia. The UK was among the very first donors to contribute to the EBRD - Ukraine Stabilisation and Sustainable Growth Multi-Donor Account, demonstrating its support for that country’s anti-corruption reform agenda and replenished funds in 2016

It has provided valuable backing to our work in the early transition countries, including the Kyrgyz Republic and Tajikistan, and supported climate change mitigation and adaptation activities through the Sustainable Energy Initiative. In 2015, the UK Government’s Good Governance Fund and the Bank signed an agreement of cooperation on the Bank’s Investment Climate and Governance Initiative. Resources of up to £2.6 million will provide important support to improve the investment climate and governance in Bosnia and Herzegovina, Georgia, Moldova, Serbia and Ukraine.

DFID  is also supporting the EBRD agenda in the SEMED region by contributing grant resources to the SEMED Multi-Donor Account.  In addition, in 2016 the EBRD and DFID signed an Agreement of Cooperation for up to £30 million in grant funds for the EBRD refugee response in  Jordan.  Efforts foresee supporting with investment grants the Greater Amman Solid Waste Crisis Management Response and the Ain Ghazal Wastewater Project, and technical assistance funds for the Abdali Training Programme for economic inclusion of Syrian refugees.

The United Kingdom is one of the main sources of foreign direct investment in the EBRD’s countries of operations. The value of joint United Kingdom-EBRD investment stood at €22.5 billion as of January 2017. EBRD finance accounted for €12.6 billion of this total and British investment accounted for €9.6 billion.

UK-EBRD investment has been strong in Turkey with 45 per cent of joint investments, followed by regional joint investments at 40 per cent and Hungary with 15 per cent. Broken down by sector, 40 per cent of joint United Kingdom-EBRD investment has been in industry, commerce and agribusiness, 22 per cent in energy, 21 per cent in infrastructure and 17 per cent in financial institutions.

British 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 651 export and import transactions with UK companies totalling over €653.2 million. Over 800 foreign confirming banks and bank branches participate in the TFP, 54 of which are British.