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Belgium We Invest in Changing Lives

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Belgium We Invest in Changing Lives Belgium We invest in changing lives 2013 – Data as at 31 December 2012 Belgium is a founding member of the EBRD, with a 2.28 per cent At a glance capital share and a representative on the Board of Directors. Operating from central Europe to central Asia and the southern and eastern Donor funds supporting EBRD operations Mediterranean (SEMED) region, the EBRD is owned by 64 countries and €1.9 million two intergovernmental institutions. Working together with the private sector, the Bank invests in projects, engages in policy dialogue and Capital share provides technical assistance that builds open-market economies. 2.28% Belgium – EBRD investments Making a difference €6.43 billion Belgium is helping to improve people’s of operations for a total of €794,000. lives and environments in the EBRD’s These projects have been in a range countries of operations through of industry sectors at both the local generous funding for a wide range of and regional level, including various projects. Since 1994 the governments kinds of manufacturing, agribusiness of Belgium, Flanders and Wallonia have and specifically tailored community contributed over €1.9 million in technical projects in Tajikistan and Uzbekistan. cooperation funds, mainly to projects Since 2006 Belgium has also in manufacturing and transport. contributed €22 million to the EBRD’s An important supporter of the EBRD Multilateral Carbon Credit Fund (MCCF), Enterprise Growth Programme (EGP), an EBRD-European Investment Bank Belgium has funded 20 projects in (EIB) instrument dedicated to countries various sectors of 10 EBRD countries from central Europe to central Asia. Investing together Belgium is an important source of Belgium-EBRD investment has been the Programme, together with over foreign direct investment in the EBRD’s €2.88 billion in industry, commerce 800 foreign confirming banks and bank countries of operations. As of January and agribusiness, €1.85 billion in branches, nine of which are Belgian. 2013, the value of joint Belgium-EBRD infrastructure, €890 million in financial In 2012 Belgian consultants were investments stood at €6.43 billion. institutions and €800 million in energy. awarded 39 consultancy contracts with a EBRD finance accounted for €3.78 billion Belgian banks are also involved in the total value of over €3.1 million. The main of this total and Belgian investment Trade Facilitation Programme (TFP), areas of expertise were in the power accounted for €2.65 billion. Adding in through which the EBRD guarantees the and energy, small and medium-sized further investment from other countries payment of trade finance instruments enterprises (SMEs) and sustainable and sources, the total value of projects issued by banks in EBRD countries of energy investment sectors, including 16 with Belgian-EBRD involvement was operations to foreign confirming banks. contracts totalling over €287,000 for €25.99 billion, with the majority of Since 1999, TFP has guaranteed more the provision of management advice to these deals in the private sector. than 13,504 transactions worth more the EBRD’s Small Business Support. Belgium-EBRD investment has than €8.2 billion, including 228 export been especially strong in Russia, at and import transactions of Belgian €1.88 billion, followed by Hungary companies totalling €54.1 million. at €1.01 billion and Poland at €680 Some 104 issuing banks in 23 million. Broken down by industry, joint countries of operations participate in Multilateral Carbon Credit Fund The government of Flanders has contributed over €11 million to the Multilateral Carbon Credit Fund (MCCF). This fund, established by the EBRD and EIB in 2006, is one of the few carbon funds dedicated specifically to countries from central Europe and central Asia. By joining MCCF, private and public companies, as well as the EBRD and EIB shareholder countries (such as Belgium), can purchase carbon credits from emission reduction projects financed by the EIB or EBRD to meet their mandatory or voluntary greenhouse Supporting Belgian hypermarket gas emission reduction targets. Cora’s expansion in Romania In addition to project credits, The EBRD is promoting the modern of the EBRD financing, Louis Delhaize countries can also participate in green retail industry in Romanian regions is building up to 17 large and medium- investment schemes via the MCCF. with a loan of up to €210 million to sized hypermarkets in Bucharest and This is an innovative way to facilitate Louis Delhaize, a reputable European other regional towns. The project will government-to-government trade in brand, to finance the company’s help the development of the modern carbon credits, whereby the selling investment programme in Romania. retail format outside the capital, country uses the revenue from the bringing superior quality products sale of carbon credits to support Based in Charleroi, Belgium, the to wider parts of the population and investments in climate-friendly projects. privately-owned Louis Delhaize supporting the development of local Group operates hundreds of By selling carbon credits to carbon funds agricultural producers. In addition, hypermarkets, supermarkets, such as the MCCF, the investor increases new Cora store designs will showcase convenience stores, garden centres the financial return on a project. For the successful implementation and pet shops in France, Belgium, example, renewable energy projects of international best practices in Luxembourg, Romania, Hungary (such as wind, hydro and biomass) are sustainable energy solutions. and the United Kingdom. able to boost their internal rate of return Louis Delhaize is happy to continue by 1-7 per cent. There are also projects Louis Delhaize Group has been present its investments in Romania, which is such as landfill gas collection and flaring in Romania since 2003, where it now becoming an important market projects at large waste management currently operates eight hypermarkets with great potential for growth. sites that can be financed almost under its Cora brand. With the support completely from sales of carbon credits. Contacts Office of the Board Director for Belgium Jean-Louis Six, Director Tel: +44 20 7338 6436 Fax: +44 20 7338 6044 Email: [email protected] Business Development Unit Tel: +44 20 7338 7168 Fax: +44 20 7338 7848 Email: [email protected] Web site www.ebrd.com.
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