It is important to understand the difference between contracts related to the UN respective multilateral development banks. While the UN procures products and services directly, deals that are financed by a development bank is rarely evaluated and determined by the bank in question. In contradiction, it is the authority that has received a favourable loan from the bank to invest in projects dedicated to reduce poverty and building up a country that makes the decisions. However, consulting services are an exception.
This kind of investment projects covers a variety of sectors – from agriculture and rural to infrastructure in city centres, education, energy and healthcare. The multilateral development banks that Business Sweden has chosen to focus on is funding projects for more than 100 BUSD, which promotes sustainable development through loans and guarantees. It should also be emphasized that the majority of the larger projects in these emerging markets are financed by a development bank/financial institution, which highlights the importance to examine the relationship between success in emerging markets and the understanding of how the projects are financed.
Business Sweden is focusing on the following multilateral development banks:
- African Development Bank (AfDB)
- Asian Infrastructure Investment Bank (AIIB)
- Asian Development Bank (ADB)
- European Bank for Reconstruction and Development (EBRD)
- The European Investment Bank (EIB)
- Inter-American Development Bank (IDB)
- The World Bank (WB)
Commissioned by the Swedish government’s export strategy
Business Sweden and the Government Office’s unit for promotion and sustainable enterprising are working actively to promote Swedish exports to new and emerging markets. In the fall of 2015, the government presented Sweden’s export strategy. One part of the export strategy accounts for enhanced exchange with international organisations and increase the share of international contract that Swedish companies receive. Read more about Sweden’s export strategy here.
Business Sweden has offices in the markets where multilateral development organisations are present and has therefore continuous dialogues, established relationships with key stakeholders and procurement managers from organisations that are financing the procurements.