EBRD, partners launch 30 mln euro green financing programme in N. Macedonia

The facility will help small and medium-sized enterprises (SMEs), individuals and households from North Macedonia to finance investments in renewable energy and energy efficiency solutions, such as photovoltaics, heat pumps, inverters, solar panels and efficient heating systems, the EBRD said in a press release..

The GFF will provide performance-based payments of up to 10% of loans for SMEs, and 30% performance-based payments of the loan principal for target groups, the bank said.

The target groups include female-headed households, single parents, households with people with disabilities, Roma, employees affected by Covid-19, remittance recipients and returning migrants.

The GFF is implemented by the United Nations Development Programme (UNDP), the IOM and the United Nations Economic Commission for Europe (UNECE), together with the EBRD as the partner international financial institution. It it is financially supported by the Joint SDG Fund, with co-financing from the government of North Macedonia.

($ = 0.935383 euro)