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EBRD Donors

Donor-funded instruments

Donor funds allow the Bank to address affordability constraints, improve market outcomes in the presence of significant externalities, build capacity, provide advisory services and steer investments towards improved sustainability and transition impact across the EBRD’s regions

Our donors contribute funding for:





Cholpon-Ata, in Kyrgyz Republic, is in urgent need of better water infrastructure. Its residents will soon have better access to safe drinking water thanks to joint support of the EBRD, EIB and support of its donors, the European Union and Early Transition Countries Fund (Canada, Finland, Germany, Ireland, Japan, South Korea, Luxembourg, the Netherlands, Norway, Spain, Sweden, Switzerland, Taipei China and the United Kingdom). 

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Donor-funded instruments include:

  • capital grants that reduce the capital costs of a project. These are most common in the low carbon, energy efficiency, transport and municipal infrastructure sectors.
  • incentives that, based on agreed terms, encourage financial institutions and sub-borrowers to invest in a particular area. Such incentives are common in Green Economy Financing Facilities.
  • risk-sharing and guarantee facilities to expand investment outreach in countries or sectors where poor market conditions make financing difficult for borrowers. These facilities include for example, first-loss cover for the EBRD’s Women in Business programmes and the EBRD’s SME Local Currency Programme and the EBRD projects in Ukraine since the war outbreak.
  • concessional loans for clients blended with EBRD investments. These products can include extended tenors, grace periods and below-market interest rates. These are funded predominantly from global climate funds to support the transition to a green economy.
  • co-lending and equity investments that help the Bank make larger and more beneficial offers to clients as well as undertake deeper capital exposure with clients.

The EBRD ensures that the use of grants and concessional finance fosters sustainable market economies and does not cause aid dependency or market distortions.

DFI Working Group on Blended Concessional Finance for Private Sector Projects
The EBRD is a member of the DFI Working Group on Blended Concessional Finance for Private Sector Projects.
The Group develops common standards for the implementation of blended concessional finance projects; provides transparent, comprehensive and consistent data and reviews current approaches to blended concessional finance.
Crucially, the Group established the DFI Enhanced Principles on the use of blended concessional finance. Here is the Group’s latest annual report.