Spain is a founding member of the EBRD and an important contributor to the Bank's work.
Since 1992, Spain has contributed more than €104 million: through its three bilateral funds and multi-donor fund. Bilateral funds have focused on municipal and environmental infrastructure, transport and energy efficiency, particularly in Bulgaria, Romania, the Western Balkans, Turkey and Kazakhstan.
Spain and the EBRD: at a glance
€104m donor funds supporting EBRD operations
3.4% capital share
€4.1bn Spain-EBRD investments
Spain is also an important contributor to multi-donor funds such as the European Western Balkans Joint Fund under the Western Balkans Investment Framework and the Early Transition Countries Fund. In addition, significant contributions have been made to the Multilateral Carbon Credit Fund about €78 million.
The value of joint Spain-EBRD investment stood at €4.3 billion as end of December 2018. EBRD finance accounted for €2.7 billion, and Spanish investment accounted for €1.5 billion.
The joint investment has been in Poland, followed by Romania and Hungary. Broken down by industry, the joint investment has been in energy, industry, commerce and agribusiness, followed by financial institutions and infrastructure.
Spanish 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 its countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported export and import transactions with Spanish companies. Of the over 800 foreign confirming banks and bank branches participating in the TFP, 21 are Spanish.
In 2018 Spanish consultants won 47 consultancy contracts totalling over €1.8 million.