EIB Global boosts green transformation of SMEs in North Macedonia
In cooperation with the Development Bank of North Macedonia (DBNM) and local commercial banks, EIB Global, the arm of the European Investment Bank for activities outside the European Union, will provide EUR 100 million to boost development and the green transition of small and medium-sized enterprises (SMEs) and mid-caps in the country.
The funds will address the liquidity and investment needs of local businesses, and finance energy and green transition projects. This will support low-carbon and climate-resilient growth in North Macedonia, in line with the European Union’s Economic and Investment Plan and the Green Agenda for the Western Balkans.
The funds are part of the set of measures adopted by the Government of North Macedonia in 2022 to support households and businesses amid the economic slowdown and the energy crisis.
LATEST issue 3/2023