Fif Digital Sparkasse Tender

Location:
North Macedonia

Project number:
55993

Business sector:
Financial institutions

Notice type:
Private

Environmental category:
FI

Approval date:
11 Feb 2025

Status:
Approved

English-language PSD published:
25 Feb 2025
Project Description
A senior unsecured loan of up to €4 million to be provided in one single tranche under the FIF - Go Digital in the Western Balkans Programme (the "Programme").

Project Objectives
The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations.

Transition Impact
ETI score: 65

The Programme's objective and structure support the Competitive and Green transition qualities by facilitating SMEs' increased competitiveness and prioritising investments that result in compliance with EU Directives, as well as in promoting digitalisation in countries where SMEs lag behind on competitiveness and digital readiness. The Programme will also facilitate investments in green technologies that will drive the region's transition to an environmentally sustainable, lower-carbon and climate-resilient green economy.