📋 Tender Overview
Project ID
55994
Status
Concept Reviewed
Location
North Macedonia
Business Sector
Financial Institutions
Notice Type
Private
Project Description
Provision of a senior unsecured loan in the amount of up to €4 milion under the Green and Growth initiative ("G&G Initiative") to Sparkasse Bank AD Skopje.
Project Objectives
The proceeds of the loan will be used for on-lending to eligible companies in the South-west and Pelagonia regions of the Republic of North Macedonia for green and capex investments in accordance with the G&G Initiative Policy Statement. At least 75% of total proceeds will be used to finance Green Economy Transition ("GET") eligible investments.
Transition Impact
ETI score: 62
The proposed Loan will contribute to the Green and Inclusive TI qualities. The G&G Initiative will enhance the Green TI quality by increasing investments in GET-eligible technologies by local companies, thereby fostering the development of a green, low-carbon economy in the South-west and Pelagonia regions, and supporting the regions' decarbonisation efforts by facilitating the transition away from coal-powered energy production. Tailored advisory services to help businesses adapt and grow, acceleration programmes for start ups, and targeted training programs specific for up-skilling and reskilling of the affected local population, including women and youth will support Inclusive TI quality.
