Switzerland is a founding member of the EBRD and an important contributor to the Bank's work.
Since 1992, the Swiss State Secretariat for Economic Affairs (SECO) has pledged more than €181 million in support of EBRD operations, in areas such as water infrastructure, private sector support and entrepreneurship, local capital markets and local currency development, and climate-friendly growth stimulation.
Switzerland and the EBRD: at a glance
€181mn donor funds supporting EBRD operations
2.28% capital share
€5.05bn Switzerland-EBRD investments
Priority regions for Swiss financial assistance include early transition countries, Northern Africa, Ukraine and the Western Balkans. In recent years, SECO provided substantial support for municipal and environmental projects in Central Asia.
In 2016, SECO replenished the North Tajik, Osh and Jalal-Abad Water Rehabilitation account, provided €5.5 million for technical cooperation and investment grants complementing EBRD finance for the Khujand Public Transport project and contributed €3.3 million to the Eastern Europe Energy Efficiency and Environment Partnership Fund. SECO also contributed €4.9 million to the Small Business Impact Fund, and is the largest donor to this fund to date.
Switzerland is an important source of foreign direct investment in the EBRD’s countries of operations. The value of joint Switzerland-EBRD investment stood at €5.05 billion as of January 2017. EBRD finance accounted for €3.6 billion of this total and Swiss investment accounted for €1.45 billion.
Switzerland-EBRD investment has been strong regionally with 38 per cent of joint investments, followed by Azerbaijan with 35 per cent and Turkey with 27 per cent. Broken down by sector, 48 per cent of joint Switzerland-EBRD investment has been in industry, commerce and agribusiness, 23 per cent in energy, 16 per cent in infrastructure and 13 per cent in financial institutions.
Swiss banks are also involved in the Trade Facilitation Programme, through which the EBRD guarantees the payment of trade finance instruments issues by banks in its countries of operations to foreign confirming banks. Through the Programme, the EBRD has supported 1144 export and import transactions with Swiss companies totalling €960.2 million. Over 800 foreign confirming banks and bank branches participate in the Programme, 12 of which are Swiss.
In 2016, Swiss consultants won 33 contracts totalling €4.5 million. The main areas of expertise were in the municipal infratructure, financial institutions and sustainable energy investment sectors.