According to the bank website, the project includes the provision of a senior unsecured loan of up to EUR 2.0 million to be provided in two equal tranches to UB under the Albanian Agribusiness and Tourism Support Framework ("AATSF" or the "Framework"). The second tranche will be uncommitted.
The overall objective of the credit line is to promote sustainable lending to agribusiness and tourism sectors in Albania and enhance access to finance for the sectors. 25% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Union Bank Albania||Undisclosed||Finance|
+355 4 238 9023
Bulevardi Zogu i I, Sheshi Ferenc Nopçka, Nd. 5, H. 3, Njësia Bashkiake Nr. 9, Kodi Postar 1016, Tirana, Albania
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The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
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