Finland is a founding member of the EBRD and an important contributor to the Bank's work.
Finland and the EBRD: at a glance
€75mn donor funds supporting EBRD operations
1.25% capital share
€2.68bn Finland-EBRD investments
Since 1992, Finland has contributed €73.5 million in donor funds, providing bilateral support to projects in north-western Russia, Eastern Europe, Central Asia and the Caucasus. Sectors of interest include municipal and environmental infrastructure, energy efficiency and some legal transition programmes.
Finland strongly supports multi-donor funds and contributes to the EBRD Early Transition Countries (ETC) Fund, the European Western Balkans Joint Fund (EWBJF), the Northern Dimension Environmental Partnership (NDEP) Support Fund, the Multilateral Carbon Credit Fund (MCCF), the EBRD Water Fund and the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund.
Finland has also been supporting the Nuclear Safety Account, the Chernobyl Shelter Fund and the Ignalina International Decommissioning Support Fund.
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 has since contributed €5 million to the southern and eastern Mediterranean (SEMED) Multi-Donor Account.
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.
Finland is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Finland-EBRD investment stood at €2.68 billion as of January 2017. EBRD finance accounted for €1.47 billion of this total and Finnish investment accounted for €1.21 billion.
Finland-EBRD investment has been especially strong in Poland with 55 per cent of total joint investments, followed by regional joint investments at 33 per cent and Lithuania with 12. Broken down by sector, 53 per cent of joint Finland-EBRD investment has been in industry, commerce and agribusiness, 30 per cent in energy, 9 per cent in infrastructure and 8 per cent in 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. Through the Programme, the EBRD has supported 174 export and import transactions of Finnish companies totalling €96 million. Five Finnish confirming banks and bank branches participate in the Programme.
In 2016, Finnish consultants won 55 contracts totalling over €2.2 million.