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As stated by the EBRD, the project consists of the provision of a senior unsecured loan of up to EUR4.5 million to be provided in one single tranche under the Green Finance Facility in North Macedonia.
The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects. 100% of the use of proceeds will be related to Green Economy Transition investments.
The project will be supported by a comprehensive technical assistance to SBS and sub-borrowers to facilitate the project preparation and successful implementation of the GFF Facility. The source for TC funds is the Joint SDG Fund via the United Nations Development Programme ("UNDP"). The package also includes a grant component in the form of investment incentives funded by the Joint SDG Fund (via UNDP) and the Government of North Macedonia.
The EBRD categorized the project environmental and social risk as 'FI'.
As stated by the EBRD, Sparkasse Bank AD Skopje is a universal commercial bank and the 5th largest bank in North Macedonia, with 12.7% market share by total assets as at end Q3 2024.
Financial Intermediary - Sparkasse Bank AD Skopje:
Milka Ratajkoska - Joleska
Email: milka.rataikoskajoleska@sparkasse.mk
Phone: +389 2 3167714
Website: www.sparkasse.mk
Address: Vasil Iljoski 14, 1000 Skopje, Republic of North Macedonia
ACCESS TO INFORMATION
You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
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.
You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html