Session: Financing Euro-Asian Cooperation

Czech-Asian ForumBusiness, cultural and education exchangePrague / 2nd March 2009

Eva AnderováInternational Relations DepartmentMinistry of Finance Czech Republic

Eva.Anderova@mfcr.cz

Introduction

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009

Goal: presentation of world financial institutions in connection with Euro-Asian financing

EIB (European Investment Bank)

EBRD (European Bank for Reconstruction and Development

IIB (International Investment Bank)

CEB and EGAP (Czech Export Bank, Export Guarantee Insurance Corporation)

EIB

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009

an autonomous body within the EU created to finance capital investment projects that fulfill the goals fo the individual policies of the EU

created by Treaty of Rome in 1958

owners are member states of the EU (27)

share of the CZ = 0,764% (1 258 785 500 Eur) from the total capital EIB (164,8 bil.Eur)

within EU (cohesion an convergence, SMEs, energy sector, sustainable environment, etc.)

outside of the EU (about 120 countries: private sector, infrastructure, energy, direct investment, etc.)

EIB loans 2007 in Asia and Latin America: 0,9 bn (from total lending Eur 47.8 billion)

Priorities of the EIB

EBRD

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009

established (in Paris in 1991) to assist transformation countries of Central and Eastern European countries and ex-USSR countries in their transition to market economy, and newly in Turkey

EBRD is owned by 63 shareholders (including EIB and EC), CZ member from 1993

Participation of the CR subscribed capital of EBRD is 0.87% (170,66mil.Eur)

CZ is a member of the constituency consisting of the Czech Republic, Hungary, Croatia and the Slovak Republic

The constituency share to the total voting power of EBRD=2.5%, CZ share to the total constituency power=35% CZ is the largest constituency shareholder)

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009

EBRD: Donor activities of CR EBRD promotes investment of Czech companies in transforming countries of Central Asia and Eastern Europe

CZ is involved in EBRD activities under the Western Balkans Fund (= WBF, focusing on Albania, Bosnia and Herzegovina, FYR Macedonia , Montenegro and Serbia)

additional CZ support to the WBF => „Czech Republic – ODA Technical Cooperation Fund“ (tied for the Czech companies only), total CZ contributon = 3 mi. Eur

Purpose of fund: strengthen business connections, gain further international experience and business partners within attractive markets with remarkable export potential

Form of aid: technical assistance and consulting

IIB

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009

established by the governments of the member states of Council for Mutual Economic Aid in 1970.

is owned by eight states – Russia, Czech Republic, Bulgaria, Romania, Slovakia, Cuba, Mongolia* and Vietnam*.

core activity is the provision of long‑term loans for major projects (usually implemented jointly by several member states).

subscribed capital = 1 300 mil. EUR. Share of the CZ = 9,7 % (125,6 mil. EUR). CZ has one vote in the Bank council (as other states).

* ODA eligibility

CEB

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009

is a specialised banking institution set up in 1995, directly and indirectly state-owned.

its mission is to provide state support for exports through the provision and financing of export credits and other services connected with exporting.

founded in 1992 is as a state-owned export credit agency, insuring credits connected with exports of goods and services from the Czech Republic against political and commercial risks.

EGAP is now part of the state export support programme: provides insurance services to all exporters of Czech goods irrespective of their size or products.

EGAP

Thank you for your attention.

Czech-Asian Forum - business, cultural and education exchangePrague / 2nd March 2009