Supporting the Investment and Development Fund of Montenegro to Finance Climate Projects

ongoing

The aim of the project is to contribute, through financial and non-financial support, to the accompaniment and promotion of climate investments in favor of Montenegrin SMEs and municipalities. The project also aims to support IDF in the structuring of a financing package dedicated to climate projects and investments that are consistent with the SDGs, in line with the National Sustainable Development Strategy. More specifically, the project aims to:Support IDF in the implementation of a Climate finance strategy and the development of its offer of associated financial products, refining its analysis of green investment projects through the provision of long-term resources to the bank and a technical assistance program,Expand the green investment market in Montenegro and reduce the environmental and climate footprint of project stakeholders ,Increase the volume of funding to support vulnerable populations and the development of the country’s disadvantaged areas.