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
€29 mn donor funds supporting EBRD operations
0.3% capital share
€6.94 bn Ireland-EBRD investments
Ireland has provided over €29 million in donor funds, and was a founding member of both the Early Transition Countries (ETC) Fund, now renamed the Sustainable Infrastructure Fund (SIF), and the European Western Balkans Joint Fund (EWBJF). Ireland is also a contributor to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund and recently the Small Business Impact Fund (SBIF). 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 €6.94 billion as of end of February 2023. EBRD finance accounted for €5.52 billion, and Ireland investment accounted for €1.41 billion.
The joint investment has been in Poland, followed by regional projects, Türkiye, and Kazakhstan.
Broken down by industry, joint Ireland-EBRD investment has been in the following sectors: sustainable infrastructure, industry, commerce and agribusiness, and financial institutions.
Irish banks also participate in the Trade Facilitation Programme as confirming banks. Since inception, the TFP has supported 80 export and import transactions for Irish companies for a total € 173.94 million, for transactions which were initiated by banks in the EBRD countries of operation and confirmed by banks in both Ireland and abroad. Five Irish banks and branches of banks have joined the programme. (all figures as of December 2022).
From 2018 to 2022, entities from Ireland won 169 procurement and consultancy contracts worth €19.01 million.