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
€6.8 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 €6.8 billion as of end of October 2022. EBRD finance accounted for €5.3 billion, and Ireland investment accounted for €1.4 billion. The joint investment has been in Poland at €1.56 billion, regionally at €796.3 million and Turkey at €637 million.
Irish banks (five) also participate in the Trade Facilitation Programme as confirming banks. Since inception, the TFP has supported 79 export and import transactions for Irish companies for a total €164.25 million, for transactions, which were initiated by banks in the EBRD countries of operation and confirmed by banks in both Ireland and abroad.
In 2021, entities from Ireland were awarded 12 procurement and consultancy contracts worth around €8.44 million.