Canada is a founding member of the EBRD and an important contributor to the EBRD's work.
The Government of Canada was an important donor to the EBRD, contributing a total of €42 million since 1992, though in recent years cooperation has slowed.
Canada also participated in multi-donor initiatives such as Northern Dimension Environmental Partnerhship (NDEP) Nuclear Window,the Early Transition Countries (ETC) Fund and the European-Western Balkans Joint Fund. Canada represents three of the four SEMED countries (Morocco, Jordan and Tunisia) and respective Board Directors at the Bank.
Canada and the EBRD: at a glance
€42mn donor funds supporting EBRD operations
3.4% capital share
€7bn Canada-EBRD investments
The value of joint Canada-EBRD investment stood at €7 billion as of 28 February 2020. EBRD finance accounted for €4 billion of this total while Canadian investment accounted for €3 billion.
Canada-EBRD investment has been across a variety of regional projects in Mongolia and Romania. EBRD also has a significant co-operation with Canadian firms in Turkey and Ukraine. Broken down by industry, joint Canada-EBRD investment has been strong in, industry, commerce and agribusiness, and sustainable infrastructure.
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 2018 Canadian consultants won 1 EBRD-awarded consultancy contracts totalling over €3.4 million.