Bilateral donors are governments, international financial institutions and other partners. Our donors include:
The EBRD also works with several multilateral donors, including:
Climate Investment Funds, European Union, Green Climate Fund, Global Concessional Financing Facility, Global Environment Facility, Middle East and North Africa Transition Fund, and Special Climate Change Fund.
Alongside donor funds from bilateral and multilateral donors, the EBRD’s shareholders also provide grant funding from the EBRD net income in areas of strategic importance.
Climate Investment Funds
The Climate Investment Funds are financing instruments channeled through multilateral development banks and designed to pilot low-carbon emissions and climate-resilient development. They include the Clean Technology Fund for climate mitigation in middle-income countries and the Strategic Climate Fund for building climate resilience, investments in forestry and renewable energy investments in low-income countries. The EBRD has been involved in the development and implementation of the Climate Investment Funds since 2007 to mobilise large-scale donor resources and allow us to combine technical assistance, grants and concessional loans. Projects cover sustainable energy solutions such as district heating, energy efficiency, renewables, waste processing, resilience measures for large-scale hydropower plants, and funding for climate resilience through financial institutions.
The European Union (EU), an EBRD shareholder, is the largest donor to the EBRD, and has been contributing more than one-third of its total grants since the Bank’s inception. EU grants are utilised across most of the EBRD countries of operations, and their use has been growing. The majority of EU funds managed by the EBRD are accessed through regional blending facilities, such as the Neighborhood Investment Facility, the Investment Facility for Central Asia, the Asia Investment Facility, and the Western Balkans Investment Framework.
Green Climate Fund
Recognising the scale of investment necessary to limit global temperature rise to below 2 degrees Celsius, the Green Climate Fund was created to support developing countries in mitigating and adapting to the challenges posed by climate change. The EBRD and the GCF have been working together since 2017 to respond rapidly and effectively to these challenges for the benefit of millions of people. Together, the GCF and the EBRD are unlocking the necessary financial and technical forces to support green, transformational investments in developing countries. Blended GCF and EBRD resources currently flow into climate change mitigation projects in Egypt and Kazakhstan as well as adaptation projects in Tajikistan and Morocco. They are also helping transform the local banking sectors in Armenia, Egypt, Georgia, Jordan, Moldova, Mongolia, Morocco, Serbia, Tajikistan and Tunisia to become engines of green lending.
Global Concessional Financing Facility
Middle income countries currently host roughly six million refugees, yet they struggle to access finance at concessional interest rates, making it difficult to afford the costs associated with an influx of refugees. The Concessional Financing Facility aims to close the financing gap by providing a source of long term concessional financing for those countries. The EBRD is one of the implementing partners investment projects, supported with funds from the Fund, which benefit the refugees and their hosting communities.
Global Environment Facility
The Global Environment Facility was established in 1991 to promote environmental and sustainable development and to cover the incremental costs associated with introducing global environmental benefits to local and regional projects. Originally the Global Environment Facility was one of the few international funds channeling public resources to address climate change. It provides grants for projects in six focal areas: biodiversity, climate change mitigation and adaptation, international waters, land degradation, the ozone layer and persistent organic pollutants. As one of its implementing partners, the EBRD has been receiving technical cooperation funding and grant co-financing for international waters and climate change mitigation and adaptation projects.
Middle East and North Africa Transition Fund
The Middle East and North Africa Transition Fund, set up under the Deauville Partnership, is a broad-based partnership providing technical cooperation grants. These grants help transition economies in the region strengthen their governance as well as their social and economic institutions by developing and implementing reforms. The EBRD is one of the implementing partners assisting beneficiary governments in implementing the needed reform programmes.
Special Climate Change Fund
The Special Climate Change Fund is a trust fund for investments in climate change adaptation, covering water efficiency, water management audits, climate-smart agriculture and weather-based insurance. It is mandated by the United Nations Framework Convention on Climate Change and managed within the Global Environment Facility. The EBRD is an implementing partner of the Fund.