The European Bank for Reconstruction and Development (EBRD) has announced that it has approved a senior unsecured loan of up to € 4 million ($ 4.6 million) to Bosnian partner MKF Tuzla for residential green investments , according to a report by WBIF.eu.
The loan will be extended in two equal installments under the Western Balkans Green Economy Finance Facility (GEFF) II, the EBRD said in a brief description of the project on Monday.
The second tranche would be non-binding and its commitment would be at the sole discretion of the EBRD. PMF is the third deposit-free microfinance institution in Bosnia. GEFF is a € 135 million program co-funded by the European Union, the Austrian Federal Ministry of Finance and bilateral donors of the Western Balkans Investment Framework (WBIF).
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