Accélérer la finance verte et inclusive en Macédoine du Nord

Supporting green and social financing in North Macedonia evof@afd.fr Fri, 4 Sep, 2026 - 13:31 September 4, 2026 Désactivé CMK1048 Ongoing Western BalkansNorth Macedonia Financial Systems Financial Systems Western BalkansNorth Macedonia Loan AFD is supporting the Development Bank of North Macedonia (DBNM) to expand its offer for sustainable financial products. Context North Macedonia has set ambitious targets in terms of greenhouse gas emissions reduction and energy transition. The current energy mix is dominated by high-emitting coal thermal power plants. Massive investments are required for the decarbonization of the economy. The Development Bank of North Macedonia JSC Skopje (DBNM), as a public development finance institution, is one of the key actors to accompany the development of a climate finance offer while contributing to inclusive and innovative growth driven by the private sector. Its strategic goal is to support the development of the Macedonian economy, through intermediate financing of small and medium-sized enterprises (SMEs), mid-caps and export-oriented companies. Description The project comprises: • A credit line of €50 million to DBNM which would be used to fund investments by private companies in green projects (energy efficiency, renewable energy, greening production processes) and to finance SMEs owned or managed by women; • A technical assistance programme financed through a grant of €400,000 to support the implementation of the credit line by DBNM and its partner financial institutions, build their capacity in the area of sustainable finance and develop their environmental and social management system (ESMS). The credit line of €50 million provided to DBNM will be fully guaranteed by the Republic of North Macedonia. The grant of €400,000 will be directly managed by AFD. Impacts The projects aims to contribute to a resilient, inclusive and low-carbon economic model in North Macedonia, by accelerating the development of a green finance offer (including the exploration of digital solutions) and by improving access to finance for women entrepreneurs. December 1, 2023 December 1, 2027 In the same region Support for the digitalization of an electrical substation Energy Ongoing 2024 - 2029 Western Balkans, Serbia Financing amount : € 12 000 000 Technical partnership between RTEi and MEPSO, the Macedonian electricity transmission system operator Energy Ongoing 2025 - 2027 Western Balkans, North Macedonia Financing amount : € 850 000 Technical partnership between Société du Canal de Provence and Iber Lepenc • Energy • Water and Sanitation Ongoing 2025 - 2027 Western Balkans, Kosovo Financing amount : € 500 000 On the same topic Supporting green and social financing in North Macedonia Financial Systems Ongoing 2023 - 2027 Western Balkans, North Macedonia Financing amount : € 50 000 000 Domestic revenue mobilization project (DRM project) Financial Systems Completed 2022 - 2024 Gambia Financing amount : € 2 000 000 Program to support BP in deploying its program to support women's entrepreneurship • Financial Systems • Gender Equality Ongoing 2025 - 2035 Costa Rica Financing amount : € 25 000 000 North Macedonia Banque centrale 50 000 000 € 4 years Development Bank of North Macedonia (DBNM) Adresse Agence régionale des Balkans Occidentaux