Support the Investment and Development Fund of Montenegro to promote climate investments
Short description of the overall project
This project aims to support and promote climate investments in favor of Montenegrin SMEs and municipalities and to support the Investment and Development Fund of Montenegro (IDF) in the structuring of a dedicated financing offer, in connection with the national strategy of sustainable development.
Short description of activities financed by the donation
The purpose of the project is to contribute, via financial and non-financial support, to the support and promotion of climate investments in favor of SMEs and Montenegrin municipalities. The project also aims to support IDF in the structuring of a financing window dedicated to climate projects and investments respectful of the SDGs , in connection with the national strategy for sustainable development. More specifically, the project aims to:
- Support IDF in the implementation of a climate finance strategy and the development of its range of associated financial products, to refine its analysis of green investment projects through the provision of long-term resources to the bank and a technical assistance program.
- Grow the green investment market in Montenegro and reduce the environmental and climate footprint of project developers.
- Increase the volume of financing to support vulnerable populations and the development of disadvantaged areas of the country.