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Guide to financing Guide to EBRD ?nancing September Why the EBRD The EBRD is investing in changing people ? s lives and environments from central Europe to central Asia and the southern and eastern Mediterranean Working together with the private sector we

Guide to EBRD ?nancing September Why the EBRD The EBRD is investing in changing people ? s lives and environments from central Europe to central Asia and the southern and eastern Mediterranean Working together with the private sector we invest in projects engage in policy dialogue and provide technical advice that fosters innovation and builds sustainable and open-market economies The EBRD is the largest single investor in the region and also mobilises signi ?cant foreign direct investment into its countries of operations Regional expertise The EBRD has a strong presence in all of its countries of operations through a network of more than local o ?ces Innovative ?nancing solutions For each project it ?nances the Bank assigns a dedicated team of specialists with speci ?c sectoral regional legal and environmental skills Strong appetite for risk The Bank draws on its government contacts special creditor status and sizeable portfolio to assess and bear risk and to open the options for ?nancing Adding value The EBRD complements ?? rather than displaces ?? private sources of ?nance The Bank invests only where it can provide added value by investing in projects that could not otherwise attract ?nancing on similar terms Requirements for EBRD ?nancing EBRD ?nancing for private sector projects generally ranges from million to million in the form of loans or equity The average EBRD investment is million Smaller projects may be ?nanced through ?nancial intermediaries or through special programmes for smaller direct investments in the less advanced countries EBRD funding criteria To be eligible for EBRD funding the project must ? ? be located in an EBRD country of operations ? ? have strong commercial prospects ? ? involve signi ?cant equity contributions in-cash or in-kind from the project sponsor ? ? bene ?t the local economy and help develop the private sector ? ? satisfy banking and environmental standards Project structure The EBRD tailors each project to the needs of the client and to the speci ?c situation of the country region and sector The EBRD typically funds up to per cent of the total project cost for a green ?eld project or per cent of the long-term capitalisation of the project company The Bank requires signi ?cant equity contributions from the sponsors which must equal or be greater than the EBRD ? s investment There must be additional funding from the sponsors other co- ?nanciers or generated through the EBRD ? s syndications programme At a glance Number of projects Net business volume billion Total project value billion EBRD countries of operations Albania Armenia Azerbaijan Belarus Bosnia and Herzegovina Bulgaria Croatia Estonia FYR Macedonia Georgia Hungary Kazakhstan Kyrgyz Republic Kosovo Latvia Lithuania Moldova Mongolia Montenegro Poland Romania Russia Serbia Slovak Republic Slovenia Tajikistan Turkey Turkmenistan Ukraine Potential recipient countries Egypt Jordan Morocco Tunisia Sectors supported by the EBRD Agribusiness Energy e ?ciency Financial institutions Manufacturing Municipal and environmental infrastructure Natural resources Power and energy Property and tourism Small and medium-sized enterprises Telecommunications information technology and media Transport The EBRD