Since the EBRD began working in the SEMED region, donors and shareholders have contributed more than €250 million in technical cooperation (TC) and non-TC instruments, such as risk sharing and capital grants, to support specific investments.
Over 200 individual TC and framework programmes, totalling more than €115 million, have been approved for funding.
The EBRD manages the SEMED MDA’s donor funds, contributed to by Australia, Finland, France, Germany, Italy, the Netherlands, Norway, Sweden, Taipei China and the United Kingdom, and the resources of the Shareholder Special Fund and SEMED cooperation funds account, dedicated to donor activities in the region from the Bank’s net income.
The EU, the Global Environment Facility and the Climate Investment Funds are also contributing to important initiatives for local economies in the region.
For example, through the EU-supported Advice for Agribusiness programme, the EBRD is strengthening the agribusiness sector by supporting companies to increase their productivity and efficiency through managerial and operational improvements such as supply chain management, governance or achieving international environmental standards and certification.
The EU has contributed around €200 million to EBRD-operated projects in the SEMED region, from major joint investments in the energy sector and the green economy to private sector development.
“These investments are the results of an excellent cooperation between our two institutions, based on common values, common objectives and a continuous dialogue on country and sector challenges,” says Michael A. Köhler, Director Neighbourhood, Directorate-General for Development Cooperation, European Commission.
With unique financing and business advice, the EBRD together with the European Union helped a Moroccan juice producer, Citruma, expand its product range and reach new markets.