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Bosnia and Herzegovina
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Fortenova sells agri unit to Podravka for 333 mln euro
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EBRD approves 2 mln euro loan to Bosnia's Mikrofin for green investments

Apr 8, 2024, 4:50:22 PMArticle by Dragana Petrushevska
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April 8 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday it has approved a senior unsecured loan of up to 2 million euro ($2.2 million) to Bosnia and Herzegovina's non-deposit microfinance institution Mikrofin for residential green investments.

EBRD approves 2 mln euro loan to Bosnia's Mikrofin for green investments
Rooftop solar in the UK. Image courtesy of Iona Capital.

The funds will be used for investments in high-performance energy efficiency technologies for residential buildings, construction of high energy performance residential buildings, and energy efficiency and renewable energy projects in the public sector, the EBRD said in a project summary document.

The loan will be provided under the Western Balkans GEFF III - REPower Residential Programme.

Banja Luka-based Mikrofin is the largest non-deposit microfinance institution in Bosnia. It is owned by the citizens' association Mikrofin.

($ = 0.922 euro)

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