Italy: EBRD shareholder profile

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Cityscape in Italy

Italy is a founding member of the EBRD and an important contributor to the Bank's work.

Italy is among the major contributors to the EBRD technical cooperation (TC) funds and investment cooperation funds with €139 million provided since 1992.


Italy and the EBRD: at a glance
€139mn donor funds supporting EBRD operations
8.52% capital share
€23.58bn Italy-EBRD investments

Italy’s contributions have underpinned the growth of small and medium-sized businesses in the Balkans, the southern and eastern Mediterranean (SEMED) region and Turkey through dedicated technical assistance and investment co-financing instruments for SMEs. Italy is also participating in financing investments under the Enterprise Expansion Fund (ENEF) component of the Western Balkans Enterprise Development and Innovation Facility. Italy contributed to several multi-donor funds, including the European Western Balkans Joint Fund and the SEMED Multi-Donor Account.

Italy is also the sole contributor to the Central European Initiative Fund. The CEI Fund, which was established in 1992 and has contributions of €45.5 million to date, supports transition countries in the process of EU integration. The Fund supports technical cooperation projects in the areas of transport, energy efficiency and climate change, enterprise development and policy dialogue. The Fund has also provided assistance through a specific CEI instrument, the Know-How Exchange Programme by financing capacity building projects.

Italy is one of the strongest sources of foreign direct investment in the EBRD’s countries of operations.

The value of joint Italy-EBRD investment stood at €23.58 billion as of end February 2020. EBRD finance accounted for €12 billion, and Italian investment accounted for €11 billion. Italy-EBRD investment has been strong in Poland, followed by regional projects, Turkey and Bulgaria. Broken down by industry, joint investment has been in the following sectors: industry, commerce & agribusiness, sustainable infrastructure, and financial institutions.

Italian 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 the countries where we invest to foreign confirming banks. Through the Programme, the EBRD has financed 1704 export and import transactions of Italian companies totalling €366 million. Of the over 800 foreign confirming banks and bank branches participating in the Programme, 28 are Italian.

From 2015 to December 2019, Italian consultants were awarded 41 consultancy contracts totalling over €777.9 million.

 

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