| Project Detail |
Location:
Serbia
Project number:
55070
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
BE
Approval date:
22 Oct 2024
Status:
Approved
English-language PSD published:
29 Oct 2024
A senior unsecured loan of up to €5 million, under the SME Go Green programme ("SME Go Green").
Project Objectives
The transaction will support the aim of the Programme to: (i) scale up green economy investments, including energy efficient, resource efficient and renewable energy investments; (ii) in particular, scale up greening of agribusinesses supply chains and help agribusiness companies in the region reduce their environmental impact and become more sustainable and more resilient to the risks of climate change; (iii) increase SME competitiveness and trade potential of the private sector via targeted investments in sustainability practices and the adoption of internationally recognised quality standards; (iv) strengthen the financial sector by supporting climate resilience and inclusiveness of the Western Balkan economies, by improving financial institutions and businesses capacity to deploy sustainable and gender responsive green solutions as well as enhancing climate risk practices to ensure all projects under the Programme are aligned with the Paris Agreement; (v) promote more equitable access to climate and other finance for women-led SMEs in the region. |
