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

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 from January 1999 for a period of 2 years. Further approvals have extended the programme 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

Client Informastion

Banks and factoring companies in EBRD's countries of operations 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 trade instruments with the EBRD.

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

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer ( is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.