| Project Detail |
Location:
Moldova
Project number:
55710
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FW
Approval date:
29 Jan 2025
Status:
Pending Approval
English-language PSD published:
23 Dec 2024
Project Description
Residential Green Economy Financing Facility Moldova (the "Facility", the "Framework" or "Residential GEFF Moldova") is envisaged to provide up to EUR 40 million equivalent to local Partner Financial Institutions ("PFIs") for on-lending to the residential sector (individuals, housing associations, service providers, technology vendors and producers, and construction companies along the residential building supply chain) for green economy investments in Moldova. The Facility will be also available in local currency which is crucial for residential borrowers.
The Facility will be supported by donors such as the European Union ("EU") and the government of Norway through High-Impact Partnership on Climate Action ("HIPCA") for the financing of Investment Incentive payments, first loss guarantee in support of the local currency operations and Technical Cooperation ("TC") under the Facility.
Project Objectives
The Facility will aim to contribute to the green economy market development in Moldova by (i) increasing awareness, as well as capacity and involvement, of the population and private sector participants in residential green economy investments, (ii) improving living comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings in Moldova. |
