Spain is a founding member of the EBRD and an important contributor to the Bank's work.
Since 1992, Spain has contributed more than €106 million through bilateral and multi-donor funds.
Spain and the EBRD: at a glance
€106m donor funds supporting EBRD operations
3.4% capital share
€4.2bn Spain-EBRD investments
Spain is an important contributor to multi-donor funds such as the European Western Balkans Joint Fund, and the EBRD's Early Transition Countries Fund. In addition, significant contributions have been made to the Multilateral Carbon Credit Fund, totalling about €78 million. In 2019 Spain contributed €2m to the Southern and eastern Mediterranean (SEMED) Multi-Donor Account.
The value of joint Spain-EBRD investment stood at €4.2 billion as end of February 2021. EBRD finance accounted for €2.7 billion, and Spanish investment accounted for €1.57 billion.
The joint investment has been in Poland, followed by Romania and Hungary. Broken down by industry, the joint investment has been in sustainable infrastructure, followed by industry, commerce and agribusiness, and financial institutions.
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.
From 2015 to December 2019, entities from Spanish firms won 16 contracts worth €201 million.