Strategic Moves - Regional Environmental Center for Central and ...

Strategic Moves - Regional Environmental Center for Central and ... Strategic Moves - Regional Environmental Center for Central and ...

07.12.2012 Views

FIGURE 21: Share of environmental infrastructure investments by bilateral donors (2005–2007) Netherlands 1% Luxembourg 2% Japan 10% Switzerland 6% Sweden 1% Spain 1% Norway 10% Italy 6% Source: OECD ODA database Others 1% Austria 10% ceived the least financing per capita. This is probably due to the fact that Croatia had the most advanced projects, in terms of bankability and maturity for financing. The European Bank for Reconstruction and Development (EBRD) provides funds to build market economies, as well as project co-financing for banks, industries and businesses. Loans and equity finance, financial guarantees and technical assistance for project preparation are major instruments for the direction of funding. The EBRD provides long-term loans (up to 15 years) with a grace period and interest rates based on the credit risk of the borrower. Loans of between EUR 5 and 250 million (up to 35 percent of total project costs) are provided to projects demonstrating clear creditworthiness and profitability, positive environmental effects (an EIA is necessary) and a positive influence on the local economy. Co-financing from foreign and domestic partners is necessary. The bank promotes co-financing and foreign direct investments; helps to mobilise domestic capital; and provides grants and technical assistance for project preparation. The bank has a set of country-specific and sector-specific strategies related to municipal and environmental infrastructure and natural resources management. In 2006, the EBRD, with partner IFIs and donors, launched the multi-donor Western Balkans Fund to mobilise additional grant funding for the countries of the region and to strengthen the coordination of EBRD donor assistance. C H A P T E R 7 F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S Germany 52% S T R AT E G I C M O V E S 167

168 C H A P T E R 7 F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S FIGURE 22: IFI assistance to the municipal infrastructure sector in SEE countries (2007–2009) EUR million 900 800 700 600 500 400 300 200 100 0 Source: WBICP database TABLE 20: Distribution by sector and country of IFI allocations (2007–2009) (number of projects, allocations in million EUR) ENERGY TRANSPORT WATER AND MUNICIPAL SOCIAL ALL ENVIRONMENT INFRA- STRUCTURE SECTORS SECTORS Albania 1 (28) 9 (165) 6 (78) 1 (10) 4 (29) 21 (309) Bosnia and Herzegovina 3 (74) 6 (352) 9 (74) 5 (165) 5 (12) 28 (676) Croatia 2 (2) 9 (325) 32 (278) 2 (109) 1 (22) 46 (736) Kosovo (as defined under UNSCR 1244) 4 (19) 2 (9) 1 (18) 1 (14) 6 (52) 14 (111) FYR Macedonia 2 (37) 6 (166) 4 (17) 2 (27) 7 (22) 21 (267) Montenegro 3 (16) 2 (21) 3 (22) 0 (0) 2 (3) 10 (62) Serbia 3 (53) 9 (146) 10 (110) 8 (470) 13 (86) 43 (865) Western Balkans 18 (229) 43 (1,184) 65 (597) 19 (794) 38 (224) 183 (3,027) Source: WCIBP database S T R AT E G I C M O V E S CEB EBRD EIB WB

168<br />

C H A P T E R 7<br />

F I N A N C I N G E N V I R O N M E N TA L I N F R A S T R U C T U R E I N V E S T M E N T S<br />

FIGURE 22: IFI assistance to the municipal infrastructure sector in SEE countries (2007–2009)<br />

EUR<br />

million<br />

900<br />

800<br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

Source: WBICP database<br />

TABLE 20: Distribution by sector <strong>and</strong> country of IFI allocations (2007–2009) (number of projects, allocations in million EUR)<br />

ENERGY TRANSPORT WATER AND MUNICIPAL SOCIAL ALL<br />

ENVIRONMENT INFRA-<br />

STRUCTURE<br />

SECTORS SECTORS<br />

Albania 1 (28) 9 (165) 6 (78) 1 (10) 4 (29) 21 (309)<br />

Bosnia <strong>and</strong><br />

Herzegovina<br />

3 (74) 6 (352) 9 (74) 5 (165) 5 (12) 28 (676)<br />

Croatia 2 (2) 9 (325) 32 (278) 2 (109) 1 (22) 46 (736)<br />

Kosovo (as<br />

defined under<br />

UNSCR 1244)<br />

4 (19) 2 (9) 1 (18) 1 (14) 6 (52) 14 (111)<br />

FYR<br />

Macedonia<br />

2 (37) 6 (166) 4 (17) 2 (27) 7 (22) 21 (267)<br />

Montenegro 3 (16) 2 (21) 3 (22) 0 (0) 2 (3) 10 (62)<br />

Serbia 3 (53) 9 (146) 10 (110) 8 (470) 13 (86) 43 (865)<br />

Western<br />

Balkans<br />

18 (229) 43 (1,184) 65 (597) 19 (794) 38 (224) 183 (3,027)<br />

Source: WCIBP database<br />

S T R AT E G I C M O V E S<br />

CEB EBRD EIB<br />

WB

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