SARAJEVO (Bosnia and Herzegovina), October 28 (SeeNews) – European Bank for Reconstruction and Development (EBRD) grants loan of up to 4 million euros ($ 4.6 million) to Bosnian partner MKF Tuzla for green residential investments, he said.
The financing will be on-lent to individuals, housing associations, producers, sellers and service providers for green investments, such as the installation of high-performance green technologies, materials and solutions in housing and buildings. private residential buildings, the EBRD said in a statement Wednesday.
The loan is granted within the framework of the financing mechanism of the green economy of the Western Balkans (BM GEFF II). The € 135 million program is supported by the EU, the Western Balkans Investment Framework (WBIF) and the Austrian Federal Ministry of Finance. It is also part of the Regional Energy Efficiency Program (REEP) for the Western Balkans.
To date, the EBRD has provided loans of over € 10 million to 3,000 households in Bosnia through partner financial institutions under the GEFF program. These have contributed to more than 7,800 MWh of energy savings and to a reduction of over 2,700 tonnes of CO2 emissions per year.
PMF is the third deposit-free microfinance institution in Bosnia. It was set up by the US non-governmental relief and development organization Mercy Corps.
($ = 0.8617 euro)