Photo by Piotr Swat/Shutterstock.com
The senior loan will also support the EBRD’s Green Economy Transition approach, with at least 60% of the total amount going to finance green equipment and technologies projects in the commercial sector, the EBRD said in a statement.
The loan will be provided under the European bank’s Financial Intermediaries Framework, which seeks to foster MSME competitiveness by encouraging sustainable financing practices and supporting the resilience of the financial system, the statement said.