Regional trade facilitation programme (TFP)



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Target board date:

12 Jan 1999


Board Approved

PSD disclosed:

11 Dec 1998

Sub-projects signed under this framework

Project Description

Board review dates

  • Framework: 12 January 1999
  • First Extension to the Programme: 31 May 2000
  • Second Extension: 12 December 2000
  • Third Extension: 23 October 2001
  • Fourth extension: 28 May 2002
  • Fifth extension: 2 March 2004
  • Sixth extension: 7 February 2006
  • Seventh extension: 2 April 2007
  • Eighth extension: 12 May 2008
  • Ninth extension: 24 February 2009
  • Tenth extension: 28 June 2011
  • Eleventh extension: 29 May 2013
  • Twelfth extension: 25 May 2016


Framework operation supporting financial institutions (or, in the case of factoring, including non-bank financial institutions) and structured in one of the following two ways:

1. Guarantees: issued by the Bank in the form of standby letters of credit (“LCs”), to banks and factors ("Confirming Banks/Factors") to cover the payment risk of banks and factors established in the Bank’s countries of operation (“Issuing Banks/Factors”) in connection with trade finance instruments (“Eligible Instruments”) issued by such Issuing Banks/Factors in support of Eligible Trade Transactions in foreign or local currency; and

2. Cash Advances (i.e., revolving credits): in foreign or local currency to banks and factors (“Borrowers”) to finance sub-loans made by such Borrowers to Exporters or Importers for the purposes of Eligible Trade Transactions.

The programme aims to support foreign trade with and among EBRD’s countries of operations and includes some donor assisted training for Issuing Banks/Factors in trade finance skill development.

The Trade Facilitation Programme (TFP) framework facility was initially approved by the Board for a period of 2 years from  January 1999 for a period of 2 years Further approvals have extended the programme to June 2013.Further approvals have extended the programme to June 2016. It is now requested to extend the period of the operation of the framework facility to 30 June 2021 to align with the Financial Sector Strategy of the Bank.

Project Objectives

i. Assist client banks to establish relationships with international banks
ii. Fill the market gaps and provide continuity of support for trade
iii. Strengthen the trade finance capabilities of client banks
iv. Assist client banks to compete against dominant state owned banks
v. Focus on maximising impact on Bank priorities
vi. Support the development of factoring services

Transition Impact

The programme's transition impact arises from
i. Market expansion - assisting client banks to expand their trade finance operations
ii. Skills transfer - training is an important element of the programme, client banks gain access to large range of industry specific training courses

The Client

Banks and factoring companies in EBRD’s countries of operations that are active in trade finance. As of end 2015, over 100 banks and factoring companies from 28 countries of operations are accredited. Over 800 banks in 82 countries participate in the Programme as confirming banks.

EBRD Finance Summary

i. EBRD issues  guarantees in favour of international and regional banks and factoring companies to cover letters of credit, guarantees and other trade finance instruments issued by participating banks and factoring companies in central and eastern Europe, the CIS, and SEMED, and

ii. short-term loans to participating banks and factoring companies to fund their trade finance sub-loans to local exporters, importers, sellers and distributors of imported goods.

Foreign commercial banks, private credit risk insurers, export credit agencies and development banks will be invited to co-finance with the EBRD.

Project Cost

The maximum amount outstanding at any moment of time would be €1.5 billion

Environmental Impact

Client banks are required to follow the EBRD’s environmental exclusion list and local environmental regulatory requirements

Technical Cooperation

TC support for this operation has been provided by the governments of Austria, Canada, Germany,
EU, France, Ireland, Japan, Italy, Netherlands, Taipei China, Sweden, Switzerland and UK and donor risk sharing funds have been provided by the governments of Austria, Germany, Netherlands, Norway, Switzerland and Taipei China.

Company Contact

Rudolf Putz

One Exchange Square, London EC2A 2JN

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

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Tel: +44 20 7338 7168

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Text of the PIP

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