Belgium is a founding member of the EBRD and an important contributor to the EBRD's work.
Since 1994, the governments of Belgium, Flanders and Wallonia have contributed about 24 million through technical cooperation (TC) funds, mainly to projects in manufacturing and transport; and the EBRD’s Multilateral Carbon Credit Fund (MCCF), an EBRD-EIB instrument dedicated to countries from central Europe to Central Asia.
Belgium and the EBRD: at a glance
€24mn donor funds supporting EBRD operations
2.28% capital share
€6.4bn Belgium-EBRD investments
Belgium is an important source of foreign direct investment in the EBRD’s countries of operations. As of end December 2018, the value of joint Belgium-EBRD investments stood at €6.4billion. EBRD finance accounted for €3.9 billion of this total and Belgian investment accounted for €2.5 billion. Belgium-EBRD investment has been strong in Hungary Turkey, Slovenia and Poland. . Broken down by industry, joint Belgium-EBRD investment has been strong in industry, commerce and agribusiness, followed by infrastructure financial institutions, and energy.
Belgian banks are also involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments issued by banks in countries where we invest to foreign confirming banks. Through the Programme, the EBRD has guaranteed export and import transactions of Belgian companies. Of the 800 foreign confirming banks and bank branches in the Programme, eight are Belgian.
In 2018, Belgian consultants were awarded 27 consultancy contracts with a total value of €1.3 million.