North Macedonia & Eastern Europe | Europe & Central Asia
Eastern Europe & Central Asia Green Finance Facility (GFF)
Investing $150M+ to Scale North Macedonia’s Successful Green Finance Model and Unlock $500M+ in Clean Energy Investment across the Eastern Europe & Central Asian region
REASONS TO INVEST
Establish Eastern Europe and Central Asia as the world’s leading green finance ecosystem by scaling North Macedonia’s proven $46M Green Finance Facility model across 2-4 strategic markets including potentially Uzbekistan, Kazakhstan, Kyrgyzstan and other countries. This investment leverages EBRD’s established infrastructure and partnerships with 25+ local commercial banks to unlock affordable green financing for 100,000+ SMEs and underserved households, while installing 150MW+ of renewable energy capacity and supporting the region’s transition away from coal dependence toward climate-resilient economies with particular emphasis on women-led enterprises, returning migrants, and marginalized communities.
Current Partners
- European Bank for Reconstruction and Development (EBRD)
- Sparkasse Bank
- ProCredit Bank
- Silk Road Bank
- Government of North Macedonia
Potential Partners
- World Bank Group
- Development Finance Institutions (DFIs)
- Regional Commercial Banks
- European Donors
- Impact Investors focused on Eastern Europe & Central Asia
- Green Climate Fund
- European Investment Bank
- Central Asian Development Banks
Fund Target
$150M+ (catalyzing $500M+ additional European Bank for Reconstruction and Development (EBRD) and commercial bank investments)
Fund Returns
Blended returns: 3-5% on SME portfolio with 5-6% on household financing, supported by proven performance-based payment mechanisms and institutional backing
Funding Duration
4-5 years (with 2-3 year deployment period)
