Quick Facts

Regions:
Where the impacts of the investment may be experienced.
  • Europe and Central Asia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Approved
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-04-05
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Western Balkans Residential Green Economy Financing Facility
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
  • Technical Cooperation
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 90.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 85 million
Converted using 2017-04-05 exchange rate.
Loan Amount (USD): $ 90.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported 85 million
Converted using 2017-04-05 exchange rate.
Project Cost (USD): $ 90.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported EUR 85 million
Converted using 2017-04-05 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2018-02-23
Disclosure Date: 2017-01-06
Western Balkans GEFF - Residential
EBRD-48129

Project Description

According to EBRD website, the project is expected to be supported with grant funds from the European Union, the Republic of Austria, the Western Balkans Investment Framework and other donors. The grant funds will fund Technical Cooperation to be provided to PFIs and Sub-borrowers and Investment Incentives to Sub-borrowers.

It will aim to contribute to the green economy markets in the Western Balkans by (i) increasing awareness, as well as capacity and involvement, of the population and private sector participants in residential green economy investments, (ii) improving living comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings in the key energy consuming sector of the Western Balkans economies.

Investment Description
Contact Information

Project Contact: Marinela Kalemi
Email Address: kalemim@ebrd.com
Telephone No.: +44 20 7338 7827, +44 20 7338 7827

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, 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.