May 10 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it considers providing a long-term senior unsecured loan of up to 7 million euro ($7.7 million) to North Macedonia's Sparkasse Bank AD Skopje to back investments in renewable energy and energy efficiency by companies.
The funding would be used for on-lending to small and medium-sized enterprises (SMEs) for green investments, the EBRD said in a project summary document on Tuesday.
The loan would be provided in two equal tranches under the Green Finance Facility (GFF).
The GFF is a $30.4 million programme established by the EBRD in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia.
($ = 0.910733 euro)
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