Sweden is a founding member of the EBRD and an important contributor to the Bank's work.
Sweden remains one of the largest and most engaged bilateral donors, providing grant funding for a wide range of EBRD projects through its Ministry of Foreign Affairs and the Swedish International Development Cooperation Agency (Sida).
Sweden and the EBRD: at a glance
€268mn donor funds supporting EBRD operations
2.28% capital share
€5.9bn Sweden-EBRD investments
Since the establishment of the Bank, Sweden has provided close to €268 million, excluding its contribution to nuclear safety funds and carbon credit funds.
Key priorities for Sweden’s donor support are municipal environmental and infrastructure (MEI) development, especially wastewater treatment, solid waste management, energy efficiency and district heating and small and medium-sized enterprises (SME) support. Regionally, its bilateral funding focuses on Belarus, Georgia, Moldova, and Ukraine as well as the Western Balkans.
Sweden also remains an important contributor to multi-donor funds, such as the Eastern Europe Energy Efficiency and Environment Partnership (E5P) – where it is the initiator and second largest contributor, the Early Transition Countries (ETC) Fund, the Northern Dimension Environmental Partnership (NDEP), the Southern and Eastern Mediterranean (SEMED) Multi-Donor Account, and the Ukraine Stabilisation and Sustainable Growth Multi-Donor Account.
Sweden is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Sweden-EBRD investment stood at €5.6 billion as of end December 2018. EBRD finance accounted for €3.4 billion, and Swedish investment accounted for €2.2 billion.
The joint investment has been strong in Poland, followed by regionally and in Kazakhstan. Broken down by industry, the joint investment has been in industry, commerce & agribusiness, energy, infrastructure and financial instituions
Swedish banks are also involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments that are issued by banks in countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported export and import transactions with Swedish companies. Over 800 foreign confirming banks and bank branches participate in the TFP, six of which are Swedish.
In 2018, there were 17 consultancy contracts totalling over €442,000 awarded to Swedish consultants in the municipal infrastructure, transport and economic reform sectors.