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Sep 15, 2023 15:48 EEST
September 15 (SeeNews) - EIB Global, a branch of the European Investment Bank (EIB), said on Friday it will provide a 1 million euro ($1.06 million) technical assistance grant to the Development Bank of North Macedonia (DBNM) to boost the rollout of green financing for small and medium-sized enterprises (SMEs).
The funds will facilitate the implementation of climate and environmental sustainability financing under a 100 million euro credit line that the EIB agreed to provide to North Macedonia in July, EIB Global said in a press release.
Through this technical assistance, commercial banks and small businesses will receive training and advisory support for promoting and developing bankable projects in areas such as energy efficiency and renewable energy.
By supporting the country’s banking sector to build green finance capacity and SMEs to identify and develop green projects, this technical support will contribute to private sector growth and competitiveness and the green transition of the local economy, the statement read.
($ = 0.939281 euro)
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