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Working with the European Bank
for Reconstruction and Development
April 2013
Rogier Wieffer,
Adviser to the Board Office for the Netherlands,
Mongolia, Macedonia and Armenia
© European Bank for Reconstruction and Development 2010 | www.ebrd.com
What is the EBRD?
 International financial institution,
promotes transition to market
economies in 34 countries from
central Europe to central Asia
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80
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 In 2011, the Bank expanded its
operations to include Egypt,
Morocco, Tunisia, and Jordan
(Southern and Eastern
Mediterranean – SEMED region)
€ Billion
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40
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 Owned by 64 countries and two
inter-governmental institutions
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 Capital base of €30 billion*
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Cumulative commitments of €80.3bn
Note: Unaudited as at 30 April 2013
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The EBRD and its objectives
Objectives:
The EBRD is
 Your engaged partner
 To promote transition to market
economies by investing mainly in
the private sector
 Operates in “business time”
 Private sector focused
 To mobilise significant foreign
direct investment
 Wide product, currency, tenor range
 Facilitates inward and cross border
investments in the region
 To support privatisation,
restructuring and better municipal
services to improve people’s lives
 Promotes policy dialogue with regards to
investment climate business environment
and policy matter
 To encourage environmentally
sound and sustainable
development
 AAA rating profitable, commercial focus
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EBRD’s objectives achieved through
financing the private sector
€ billion
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 AAA/Aaa rated multilateral
development bank
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 As at end April 2013:
– €1.4 billion invested in
72 projects
– Private sector accounted
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55
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45
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40
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30
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25
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for 69% share
– Debt 85% & Equity 10%
Net cumulative business volume
 Invested over €80.3 billion
in more than 3,716 projects
since 1991
Annual business volume (ABV)
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Debt ABV
Note: Provisional data as at 30 April 2013
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Equity ABV
Net Cumulative Business Volume
Where we operate
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EBRD finances diverse range of enterprises
Agribusiness
14%
Power & Energy
26%
Natural Resources
1%
Manufacturing &
Services
25%
Transport
1%
Municipal & Env
Inf
8%
Property &
Tourism
1%
Equity Funds
4%
Financial
Institutions
21%
Unaudited as at 30 April 2013
Cumulative commitments €80.3bn
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2013 ABV by region
SEMED
6%
Central Europe &
Baltics 14%
Russia 29%
Turkey
12%
Central Asia
10%
South-eastern Europe
17%
Eastern Europe &
Caucasus 17%
Cumulative commitments €80.3bn
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EBRD Product Flexibility tailored to project needs
Loans
Equity
 Senior, subordinated, convertible
 Common stock or preferred
 LT (up to 10y or more) or
ST revolving
 Minority position only (up to 35%)
 Mezzanine
 Floating/ Fixed rates
 Other
 Choice of currencies (€, US$,
RUB etc.)
– guarantees
– currency swaps
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Geographic Expansion of the Bank’s Region of Operations
 The Board of the EBRD decided in 2011 to expand the Bank’s operations to
Egypt, Morocco, Tunisia and Jordan.
 On 18 September 2012 the EBRD’s Board of Directors approved three
projects in Jordan, Tunisia and Morocco. Investments in Egypt are expected to
be submitted shortly. These projects are the first in a series of investments in
the southern and eastern Mediterranean (SEMED), which are expected to be
running at as much as €2.5 billion annually by 2015.
 Operational priorities in the SEMED region are:
– support for the private sector with particular emphasis on SME’s;
– developing non sovereign financing solutions for infrastructure including
PPP structures;
– to promote sustainable energy and energy efficiency initiatives;
– to support and develop local capital markets.
 Temporary offices in Morocco, Egypt, Tunisia and Jordan are already in place.
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