Caspian Environment Program Investment and Donors Forum Private

EBRD and the Environment The Agreement Establishing the EBRD requires the Bank “to promote,

EBRD and the Environment - 2003 l l EBRD Volume of EUR 3. 7

How Can the Bank Support Environmental Investments l Typical Project Financing through – Medium-

Environmental Investment Opportunities in the Caspian Region l Environmental Legacy – Oil Clean-up –

Criteria for project selection l In line with published Bank strategy l Emphasis on

Why choose the EBRD? l Strong, internationally recognised financial partner with long-term perspective l

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Caspian Environment Program Investment and Donors’ Forum Private Sector Investment Opportunities in Environmental Areas Raymond Conway Senior Banker and Head of Office

EBRD and the Environment The Agreement Establishing the EBRD requires the Bank “to promote, in the full range of our activities, environmentally sound and sustainable development”

EBRD and the Environment - 2003 l l EBRD Volume of EUR 3. 7 billion, with an additional EUR 7. 1 billion from other investors Of this EUR 10. 8 billion, EUR 1. 87 billion for environmental improvements – EBRD – EUR 647 million – Sponsors - EUR 1. 66 billion l l 50 Monitoring and Due Diligence visits for 46 countries in 22 countries Of 48 completed projects evaluated by EBRD, 2/3 rds rated Excellent or Good on environmental performance

How Can the Bank Support Environmental Investments l Typical Project Financing through – Medium- and Long-term Debt – Equity and Quasi-equity l Technical Co-operation in Partnership with various Government Agencies

Environmental Investment Opportunities in the Caspian Region l Environmental Legacy – Oil Clean-up – Industrial Infrastructure l Energy Efficiency – As part of larger project – On a stand-alone basis l Waste Water Management l Environmental Management Systems l Solid Waste Management

Criteria for project selection l In line with published Bank strategy l Emphasis on private sector l Environmentally sound l Finance not forthcoming from other sources l Good corporate governance l Project supports transition to market economies

Why choose the EBRD? l Strong, internationally recognised financial partner with long-term perspective l Willing to bear risks l Catalyses additional finance l l Extensive knowledge of local economy, business environment and practices Strong - and public - commitment to the environment and to sustainable development

Caspian Environment Program Investment and Donors’ Forum Private Sector Investment Opportunities in Environmental Areas Raymond Conway Senior Banker and Head of Office