Portugal is a founding member of the EBRD and an important contributor to the Bank's work.
Since 1992, Portugal has contributed about €2 million in grants for technical cooperation projects . Priority sectors include energy, municipal and environmental infrastructure and small business. For example, Portugal supported the Belgrade Bus Renewal programme in Serbia.
Portugal and the EBRD: at a glance
About €2mn donor funds supporting EBRD operations
0.42% capital share
€2.16bn Portugal-EBRD investments
Portugal is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Portugal-EBRD investment stood at €1.8 billion as of end December 2018. EBRD finance accounted for €1.35 billion and Portuguese investment accounted for €0.53 billion.
Portugal-EBRD investment has been strong in Romania, followed by Poland, and Hungary. Broken down by sector, joint Portugal-EBRD investment has been strong in financial institutions followed by energy, infrastrucutre, and industry, commerce and agribusiness.
Portuguese 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 of operations to foreign confirming banks. Over 800 foreign confirming banks and bank branches participate in the Programme, 11 of which are Portuguese.
In 2018, there were 15 consultancy contracts totalling over €548,000 awarded to Portuguese consultants by the EBRD.