Ireland is helping to improve people’s lives and environments in the EBRD’s countries of operations through generous funding for a wide range of projects.
Ireland and the EBRD: at a glance
€25mn donor funds supporting EBRD operations
0.3% capital share
€3.28bn Ireland-EBRD investments
Through its technical cooperation (TC) fund, Ireland has provided over €25 million in donor funds. Ireland is one of the founding members of both the Early Transition Countries (ETC) Fund and the European Western Balkans Joint Fund (EWBJF). Key areas of Irish support are financial institutions, power and energy, and the EBRD Advice for Small Business programme.
Ireland is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Ireland-EBRD investment stood at €3.28 billion as of December 2018. EBRD finance accounted for €2.28 billion of this total and Irish investment accounted for €1 billion.
Ireland-EBRD investment has been strong in Poland, followed by Hungary and regional joint investments. Broken down by sector, joint Ireland-EBRD investment has been focusing on industry, commerce and agribusiness, in energy, infrastructure and financial institutions.
Irish banks are also involved in the Trade Facilitation Programme, through which the EBRD guarantees the payment of trade finance instruments issued by banks in EBRD countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported export and import transactions of Irish companies and involved five Irish banks.
In 2018 there were 41 TC funded and 2 Bank funded contracts awarded to Irish consultants to the value of €1,113,845. Areas of expertise included the information and communication technologies and financial institutions sectors.