Development cooperation , 22.05.2014

EBRD's ETC Fund and Multi-Donor Cooperation

Description

EBRD founded the ETC fund (Early Transition Countries Fund) in 2004 for the poorest countries in the Union of Independent States. The activities have now been spread to 9 countries in Eastern Europe, Central Asia and South Caucasus as well as to Mongolia. The main priorities of the fund are 1) promoting private sector development, especially SME sector, 2) Strengthening the financial sector, and 3) Improving access to and delivery of affordable basis service. Finland has supported the fund in 2004-2011 with 3,5 million euros. Finland's additional funding to the fund in 2014 is 0,5 million euros.

More information

http://www.ebrd.com/pages/about/where/etc.shtml(layout.types.url.description)

Funding decision  22.05.2014

500 000 €

Objectives monitored by OECD's Development Assistance Committee

  • Participatory development/Good governance

Field of activity

  • Financial policy and administrative management 25%
  • Urban development and management 36%
  • Business support services and institutions 39%

Funding channel

Eur jälleenrak- ja kehityspankki

Contact

itä-20

Code for the object of funding

10200101

ID

UHA2013-001541

Modified

18.06.2014