| General Objectives: |
| Type of Actions: |
| Start and end of programme: |
| Level of contribution: |
| Baltic 21 country which may benefit from the programme: |
| Organisations which may benefit from the programme: |
| Procedure to be followed: |
| More information:
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| General Objective: |
| The EBRD is a multinational institution set up with
the specific aim of assisting the countries of central and eastern
Europe and the Countries in Transition (CIS) to develop into
market-oriented economies. Its shareholders include countries from
both this region and the rest of the world, plus the European
Community and the European Investment Bank. |
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| Type of Actions: The EBRD provides direct financing for private sector activities, restructuring and privatisation as well as funding for the infrastructure that supports these activities. Its investments also help to build and strengthen institutions. EBRD financing includes i.a. investments to improve the environmental performance and energy efficiency of companies. A key objective of the EBRD is to support the development of micro, small and medium-sized enterprises (SMEs) in central and eastern Europe and the CIS. |
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| Start and end of
programme: |
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| Level of
contribution: As a guideline, the standard minimum involvement for the Bank is € 5 million, though this may be reduced if the project has fundamental benefits for the country. The main forms of EBRD financing are loans, equity investments (shares) and guarantees. A project has to be commercially viable to be considered. The EBRD places great emphasis on encouraging the involvement
of other sources of financing in its operations, thereby
increasing the total resources available to its countries of
operations. The main co-financing partners for the EBRD are
commercial banks, official co-financing institutions, export
credit agencies (ECAs) and international financial institutions. |
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| Baltic 21
country which may benefit from the programme: Estonia, Latvia, Lithuania, Poland and the Russian Federation. |
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| Organisations which may benefit from the
programme: |
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| Procedure to be
followed: A step-by-step guide on financing with EBRD is available on the EBRD website. It provides details on the financial instruments on offer, the terms for its products, how and when the Bank should be approached, and how a project is processed. The guide is intended for those companies and entrepreneurs, from central and eastern Europe, the Commonwealth of Independent States (CIS) and elsewhere, who are considering making an investment in one or more of the EBRD's countries of operations. |
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| More information: EBRD website |
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