THE European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €1.5 million to Agency for Finance in Kosovo (AFK), the fourth largest microfinance institution in the country, to increase the financing of the green economy.

The funds will be on-lent for investments in high-performance energy efficiency technologies, materials and solutions in residential dwellings or buildings. The goal is to reduce energy intensity and improve energy efficiency in accordance with the EBRD Green Economy Transition (GET) approach. With these investments households will not only become more energy efficient but will also decrease their greenhouse gas emissions, reducing their impact on the environment.

The loan is provided under the Green Economy Financing Facility (GEFF) for the Western Balkans, a regional facility that has been launched to support residential energy efficiency investments in the Western Balkans. The facility is supported by grant funding from the European Western Balkans Joint Fund under the Western Balkans Investment Framework, the European Union (EU) and Austria.

Picture of Pristina by Arbenllapashticaaa – Own work, CC BY-SA 3.0.