Italy: EBRD shareholder profile

Cityscape in Italy

Italy is a founding member of the EBRD and an important contributor to the Bank's work.

Italy is among the major contributors to the EBRD technical cooperation (TC) funds and investment cooperation funds with €133 million provided since 1992 (not including Nuclear Safety funding).

Italy and the EBRD: at a glance
€133mn donor funds supporting EBRD operations
8.52% capital share
€20bn Italy-EBRD investments

Italy’s contribution continued supporting operations of the EBRD’s Local Enterprise Facility (LEF) in the SEMED region, Turkey, and the Balkans. Through its contribution to the LEF, Italy is also participating in financing investments under the Enterprise Expansion Fund (ENEF) component of the Western Balkans Enterprise Development and Innovation Facility (WBEDIF).

Italy’s contributions have underpinned the growth of small and medium-sized businesses in the Balkans and of the Southern and eastern Mediterranean (SEMED) region and Turkey. Italy is also participating in financing investments under the Enterprise Expansion Fund (ENEF) component of the Western Balkans Enterprise Development and Innovation Facility. Italy contributed to several multi-donor funds, including the European Western Balkans Joint Fund and the SEMED Multi-Donor Account.

Italy is the sole contributor to the Central European Initiative Fund. The CEI Fund, which was established in 1992 and has contributions of €45.5 million to date, supports transition countries in the process of EU integration. The Fund supports technical cooperation projects in the areas of transport, sustainable energy and enterprise development. The Fund has also provided assistance through a specific CEI instrument, the Know-How Exchange Programme by financing capacity building projects.

Italy is one of the strongest sources of foreign direct investment in the EBRD’s countries of operations. The value of joint Italy-EBRD investment stood at €20.9 billion as of January 2017. EBRD finance accounted for €11.5 billion of this total and Italian investment accounted for €9.4billion.

Italy is one of the strongest sources of foreign direct investment in the EBRD’s countries of operations. The value of joint Italy-EBRD investment stood at €€22.6 billion as of December 2018. EBRD finance accounted for €12 billion, and Italian investment accounted for €10.6 billion. Italy-EBRD investment has been strong in Poland,, followed by Turkey ,Bulgaria and Hungary. Broken down by industry, joint  investment has been in the following sectors: energy, industry, commerce and agribusiness, infrastructure and financial institutions.

Italian 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 the countries where we invest to foreign confirming banks. Through the Programme, the EBRD has financed 1704 export and import transactions of Italian companies totalling €366 million. Of the over 800 foreign confirming banks and bank branches participating in the Programme, 28 are Italian.

In 2018 Italian  consultants were awarded 82 consultancy contracts totalling over €10 million.