Ireland is helping to improve people’s lives and environments in the EBRD’s countries of operations through generous funding for a wide range of projects.
Ireland and the EBRD: at a glance
€25 mn donor funds supporting EBRD operations
0.3% capital share
€4.8 bn Ireland-EBRD investments
Ireland has provided over €25 million in donor funds, and was a founding member of both the Early Transition Countries (ETC) Fund and the European Western Balkans Joint Fund (EWBJF). Ireland is also a contributor to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund. Key areas of support have included the environment, financial institutions, power and energy, and the EBRD Advice for Small Business programme.
Ireland is an important source of foreign direct investment in the EBRD’s countries of operations.
The value of joint Ireland-EBRD investment stood at €4.8 billion as of end of January 2020. EBRD finance accounted for €3.7 billion, and Ireland investment accounted for €1.1 billion. The joint investment has been in Poland, regionally and Turkey. Broken down by industry, joint investment has been in industry, commerce and agribusiness; sustainable infrastructure and financial institutions.
Irish banks are also involved in the Trade Facilitation Programme, through which the EBRD guarantees the payment of trade finance instruments issued by banks in EBRD countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported export and import transactions of Irish companies and involved five Irish banks.