1 March 2013 © European Bank for Reconstruction and Development 2012 | EBRD’s Cooperation with Taiwan & Business Opportunities Junko Aya Donor Co-financing (DCF), EBRD

2 What is the EBRD? International financial institution, promotes transition to market economies in 34 countries from central Europe to central Asia In 2011, the bank expanded its operation to include Egypt, Morocco, Tunisia and Jordan ( Southern and eastern Mediterranean – SEMED region) Owned by 64 countries and two inter-governmental institutions Capital base of €30 billion

3 EBRD: Shareholding Structure and AAA Rating As at 13 th July 2012 Footnotes (1) Includes European Community and European Investment Bank (EIB) each at 3%. Among other EU countries: France, Germany, Italy, and the UK each holds 8.6% (2)Russia at 4% Shareholding Structure EBRD has a AAA rating from all three main rating agencies (S&P, Moody’s and Fitch)

4 What are the EBRD’s objectives?  To promote transition to market economies by investing mainly in the private sector  To mobilise significant foreign direct investment  To support privatisation, restructuring and better municipal services to improve people’s lives  To encourage environmentally sound and sustainable development

5 EBRD’s objectives achieved through financing the private sector  Invested over €78.9 billion in more than 3,644 projects since 1991  Over €3 billion Contribution from donors to support the roll out of EBRD project  As at end December 2012: – €8.9 billion invested in 393 projects – Private sector accounted for 80% share – Debt 83% & Equity 12% Note: Provisional data as at 31 December 2012 € billion

6 Where we operate

7 Key Strengths of EBRD Institutional  Strong, internationally recognised financial partner with long-term perspective  Close working relationships with governments and shareholders  Political leverage due to EBRD’s unique mandate and shareholder structure  Preferred Creditor Status  AAA credit rating  Work closely with market sources of capital to fill “market gaps” Operational  Extensive knowledge of local economy, business environment and practices, local presence  Engaged minority partner for business  A business partner who shares risks, including political  Catalyst to access additional equity, debt and trade finance  Provides finance to both private and public sector clients  High standards for corporate governance and compliance

8 Investments by region Central Europe and the Baltic states 17% Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovak Republic, Slovenia South-eastern Europe 24% Albania, Bosnia and Herzegovina, Bulgaria, FYR Macedonia, Montenegro, Romania, Serbia Eastern Europe and the Caucasus 18% Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine Russia 27% Turkey 7% Central Asia 8% Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan, Uzbekistan

9 Investments by sector Cumulative commitments €78.9 bn Corporate comprises agribusiness, manufacturing and services, property and tourism and telecommunications Energy comprises natural resources and the power sector Financial sector includes investments in micro, small and medium-sized enterprises via financial intermediaries Infrastructure Comprises municipal environnemental infrastructure and transport

10 EBRD Technical Cooperation ( TC ) Programme since 1991 Technical assistance/ technical co-operation (TC) and non-TC funding (e.g. investment grants) supports a range of specific operations, including:  project preparation/ project implementation  institutional building  energy audits  EBRD’s Enterprise Growth Programme (EGP) and Business Advisory Service (BAS) Programmes  the development of management skills  Regulatory development support / policy dialogue

11 TC Funds eligible for Taiwanese Firms  EU Funds  Early Transition Countries Fund (Armenia, Azerbaijan, Belarus, Georgia, Kyrgyz Republic, Moldova, Mongolia, Tajikistan, Turkmenistan, Uzbekistan)  Western Balkans Investment Framework (Albania, BiH, Croatia, FYR Macedonia, Montenegro, Serbia (inc. Kosovo))  Eastern Europe Energy Efficiency and Environment Partnership (Countries of Eastern Partnership: Armenia, Azerbaijan, Belarus, Georgia, Moldova plus Ukraine)  EBRD Water Fund  EBRD Shareholder Special Fund  Japan, Korea, Norway, Sweden, UK and some USA funds  TaiwanBusiness EBRD Cooperation Fund

12 TaiwanBusiness – EBRD Cooperation fund  Ministry of Foreign Affairs established the first technical cooperation fund in 1991  US$ 30 million has been provided for technical assistance (TC), which is now channelled through the TaiwanBusiness – EBRD Cooperation Fund (TWTC)  TWTC Fund has a balance of US$ 5 million  The fund resources are broken down as follows:  US$ 3.2 million to support Taiwanese consultant  US$ 1.3 million for Sustainable Energy Initiative  US$ 0.1 million to support TC activities in SEMED  The balance is untied

13 TaiwanBusiness – EBRD Cooperation fund  By the end of 2012, 237 technical cooperation (TC) projects worth over € 21 million have been implemented, mainly in the energy efficiency sector, particularly through urban transport  In 2011 the EBRD and its clients awarded 29 contracts totalling € 885,473 to Taiwanese consultants

14 The International Cooperation and Development Fund (TaiwanICDF)  In 1994 the EBRD and TaiwanICDF signed a Memorandum of Understanding  Over US$60 million was provided to support small business through investment co-financing.  In 2011, an agreement was signed to provide US$ 80 million for concessional financing to support projects in municipal and environmental infrastructure, energy efficiency and green technology through the Green Energy Special Fund (GESF)  TaiwanICDF is in discussion with the EBRD to provide further resources for parallel co-financing in the ETC and SEMED region 05/06/2016

15 Working together  The value of joint EBRD investment with Taiwanese companies stood at € 1.26 billion as of January 2013  The total value of projects with Taiwanese – EBRD involvement was €3.89 billion. The majority of the deals in private sector  EBRD works closely with Taiwanese banks involved in the Trade Facilitation Programme (TFP) 05/06/2016

16 Questions? Contacts: Junko Aya, Senior Manager, Donor Co-financing, EBRD Tel