Norway: EBRD shareholder profile

Norway provides donor funds both bilaterally and through multi-donor funds. Its bilateral funds have primarily financed environmental, energy and financial sector projects in the Western Balkans. The recently dedicated fund was established in 2018 to support skills development and SME financing in the same region.

Norway is a strong supporter of EBRD multi-donor funds, contributing to the EBRD Water Fund, the Sustainable Infrastructure Fund (SIF), the European Western Balkans Joint Fund (EWBJF), the Eastern Europe Energy Efficiency and Environment Partnership (E5P), the Northern Dimension Environmental Partnership (NDEP), the Southern and eastern Mediterranean (SEMED) Multi-Donor Account, the Ukraine Stabilisation and Sustainable Growth Multi-Donor Account (Ukraine MDA), the Small Business Impact Fund (SBIF) and the EBRD Crisis Response Special Fund. In 2022, Norway provided NOK 4 billion (approximately €367 million) to the EBRD Crisis Response Special Fund (CRSF) to support Ukraine, focusing on the energy security.

Norway is an important source of foreign direct investment in the EBRD’s countries of operations. 

Norwegian banks are also involved in the Trade Facilitation Programme (TFP), through which the EBRD guarantees the payment of trade finance instruments issued by banks in its countries of operations to foreign confirming banks. Since inception, the TFP has supported 46 export and import transactions for Norwegian companies for a total €19.21 million, for transactions which were initiated by banks in the EBRD countries of operation and confirmed by banks in both Norway and abroad. Four Norwegian banks and branches of banks have joined the programme as Confirming Banks (all figures as of December 2022).

From 2018 to 2022, entities from Norway won 19 consultancy contracts worth €2,281,018.00.