Politics
SME’s in Ukraine to get $50 million energy efficiency financing
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- Category: Politics
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20 Jul 2009
- Published on Monday, 20 July 2009 10:07
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The European Bank for Reconstruction and Development is issuing a $50 million five-year loan to the State Export-Import Bank of Ukraine for energy efficiency.
The aim is to support a lending program where small and medium-sized enterprises in the country can borrow up to $3 million to implement energy efficiency projects.
Ukraine is improving its energy security, in which stimulating investments into energy efficiency for small businesses could play a key role.
The bank will provide technical assistance to improve UkrEximBank's energy efficiency expertise. Eligible sub-borrowers will receive assistance in identification and implementation of energy efficiency investments.
The E.B.R.D. is the largest financial investor in Ukraine. As of December 2011, the bank had committed over $9.6 billion through 294 projects in the country. – EcoSeed Staff
