The European Bank for Reconstruction and Development (EBRD), a UK-based multilateral development finance institution, is “supporting Turkey’s transition to an environmentally sustainable, low-carbon and climate-resilient economy” through the Green Economy Financial Facility (GEFF) Turkey. The loan package comprises funds from EBRD’s own resources as well as concessional financing from the Clean Technology Fund,
Tag: GEFF
MICROCAPITAL BRIEF: EBRD Loans $50m to QNB Alahli of Egypt to Boost Green Lending to Individuals, SMEs
Qatar National Bank (QNB) Alahli, an Egyptian member of the QNB Group, recently accepted a loan of USD 50 million from the multilateral European Bank for Reconstruction and Development (EBRD) to fund on-lending to individual borrowers as well as small and medium-sized enterprises (SMEs) performing “green, energy efficiency, water efficiency, renewable energy and resource efficiency projects.” The loan is part of
MICROCAPITAL BRIEF: Microfinance Institution Kreditimi Rural i Kosoves (KRK) Borrows $2.3m from EBRD for Green Housing Loans
Kreditimi Rural i Kosoves (KRK), a microfinance firm in Kosovo, recently accepted an unsecured loan of up to EUR 2 million (USD 2.3 million) from the UK-based European Bank for Reconstruction and Development’s (EBRD’s) Western Balkans Green Economy Financing Facility II (WB GEFF II). KRK plans to on-lend the funds for
MICROCAPITAL BRIEF: EBRD Loans $2.4m to ProCredit Bank Bosnia and Herzegovina for Energy Efficiency, Homeowners Eligible for EU Grants
The UK-based European Bank for Reconstruction and Development (EBRD) recently announced it is lending EUR 2 million (USD 2.37 million) to ProCredit Bank Bosnia and Herzegovina (PCB BiH) to on-lend for residential “investments in insulation, windows, heat pumps, solar panels and other improvements” that reduce energy usage. PCB BiH is a member of Germany’s ProCredit Holding, whose members provide
MICROCAPITAL BRIEF: EBRD Commits Up to $45m to Uzpromstroybank of Uzbekistan for Expansion, Including Green Financing for SMEs
Via its Green Economy Financing Facility (GEFF), the UK-based European Bank for Reconstruction and Development (EBRD) recently committed up to USD 25 million to Uzbekistan-based Uzpromstroybank. Founded in 2019, GEFF delivers