Finland is a founding member of the EBRD and an important contributor to the Bank's work.
Finland and the EBRD: at a glance
€130mn donor funds supporting EBRD operations
1.25% capital share
€2.84bn Finland-EBRD investments
Since 1992, Finland has contributed €130 million in donor funds with a focus on Central Asia, the Caucasus and SEMED and prioritising the environment, energy efficiency and infrastructure.
Finland strongly supports multi-donor funds and contributes to the Sustainable Infrastructure Fund (SIF), the European Western Balkans Joint Fund (EWBJF), the Northern Dimension Environmental Partnership (NDEP), the Multilateral Carbon Credit Fund (MCCF), the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund, the Ukraine Stabilisation and Sustainable Growth Multi-Donor Account (Ukraine MDA), and the High-Impact Partnership on Climate Action (HIPCA).
In 2011, Finland was one of the first donors to confirm its support for the Bank’s expansion of operations to Egypt, Jordan, Morocco and Tunisia and is the largest single contributor, providing €6.8 million to the Southern and Eastern Mediterranean (SEMED) Multi-Donor Account to date.
Finland has also been supporting the Nuclear Safety Account, the Chernobyl Shelter Fund and the Ignalina International Decommissioning Support Fund.
A supporter of the EBRD Advice for Small Business programmes, Finland has contributed to help small and medium-sized enterprises access business advice through local consultants and international industry experts.
The value of joint Finland-EBRD investment stood at €2.84 billion as of end of February 2023. EBRD finance accounted for €1.56 billion, and Finnish investment accounted for €1.28 billion.
The joint investment has been strong in Poland, Lithuania, Ukraine, Estonia, Latvia, and regionally. Broken down by industry, the joint investment has been strong in the following sectors: industry, commerce and agribusiness, sustainable infrastructure, and financial institutions.
Finnish banks are also involved in the Trade Facilitation Programme, through which the EBRD guarantees the payment of trade finance instruments issued by banks in countries where we invest to foreign confirming banks. Since inception, the TFP has supported 212 export and import transactions for Finnish companies for a total € 182.65 million, for transactions which were initiated by banks in the EBRD countries of operation and confirmed by banks in both Finland and abroad. Five Finnish banks and branches of banks have joined the programme as Confirming Banks (all figures as of December 2022).
From 2018 to 2022, entities from Finland won 121 procurement and consultancy contracts worth €9.7 million.