Sweden: EBRD shareholder profile

Lake in Sweden

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

Sweden remains one of the largest and most engaged bilateral donors, providing grant funding for a wide range of EBRD projects through its Ministry of Foreign Affairs and the Swedish International Development Cooperation Agency (Sida).

Sweden and the EBRD: at a glance
€250mn donor funds supporting EBRD operations
2.28% capital share
€5.9bn Sweden-EBRD investments

In recent years Sweden has provided over €250 million, excluding its contribution to nuclear safety funds (approximately €25 million) and carbon credit funds.

Key priorities for Sweden’s donor support are municipal environmental and infrastructure (MEI) development, especially wastewater treatment, solid waste management, energy efficiency and district heating and small and medium-sized enterprises (SME) support. Regionally, its bilateral funding focuses on Belarus, Georgia, Moldova, and Ukraine as well as the Western Balkans.

Sweden also remains an important contributor to multi-donor funds, such as the Eastern Europe Energy Efficiency and Environment Partnership (E5P) – where it is the initiator and second largest contributor, the Early Transition Countries (ETC) Fund, the Northern Dimension Environmental Partnership (NDEP), the Southern and Eastern Mediterranean (SEMED) Multi-Donor Account, and the Ukraine Stabilisation and Sustainable Growth Multi-Donor Account.

In 2015 Sweden provided a total of €10.6 million to a mix of multilateral and bilateral funds, including a contribution of €2.25 million for the E5P Fund of which Sweden remains one of the principal backers. It funded the Ukraine Residential Energy Efficiency Financing Facility.

Sweden is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Sweden-EBRD investment stood at €5.9 billion as of January 2017. EBRD finance accounted for €3.6 billion of this total and Swedish investment accounted for €2.3 billion.

Sweden-EBRD investment has been especially strong in Poland with 68 per cent of joint investments, followed by regional joint investments at 21 per cent and Kazakhstan with 11 per cent. Broken down by sector 50 per cent of joint Sweden-EBRD investment has been in industry, commerce and agribusiness, 29 per cent in energy, 17 per cent in infrastructure, and 4 per cent in financial institutions.

Swedish banks are also involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments that are issued by banks in countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported 140 export and import transactions with Swedish companies totalling €54.3 million. Over 800 foreign confirming banks and bank branches participate in the TFP, six of which are Swedish.

In 2016, there were 23 consultancy contracts totalling over €510,000 awarded to Swedish consultants in the municipal infrastructure, transport and economic reform sectors. This includes 14 contracts worth €63,000 with the EBRD’s Advice for Small Business for provision of industry and management advice.