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Project details
Trusteeship agreements for European Fund for Southeast Europe and Green for Growth Fund, and replenishment of the Green for Growth Fund TA Facility
| Type of entry | Project |
|---|---|
| Date (start - end) | 31.12.2016 - 31.12.2023 |
| Scheduled status | Completed |
| Areas of intervention | |
| Sectors |
23010 - Energy policy and administrative management |
| Locations |
Albania Bosnia and Herzegovina Republic of North Macedonia Serbia Turkey Kosovo* Montenegro |
| Donors |
European Commission
European Commission LOI 15, 03/086 + 800 6 7 8 9 10 11 |
| Implementers |
European Investment Fund (EIF) |
| Beneficiaries |
Albania Bosnia and Herzegovina Kosovo* Montenegro Serbia Republic of North Macedonia Turkey |
| Description | This action aims at securing continuation of the EU investments in the two financial instruments: the Green for Growth Fund (GGF) and the European Fund for Southeast Europe (EFSE). The GGF has been set up in 2009 to enhance energy efficiency and reduce emissions by fostering renewable energy in the Western Balkans, Turkey and the European Neighbourhood region. EFSE has been set up in 2006 with the aim to enhance finance for micro and small enterprise development in Southeast Europe and the European Eastern Neighbourhood region. To this end, the action provides for extending the trusteeships with the European Investment Fund (EIF) in the two Funds: the GGF, its TA Facility (GGF TAF) and EFSE. All current trusteeshipsexpire at the end of 2015. Transfer of shares to the IPA II beneficiaries would, at this stage, put at risk the financial standing of these instruments. In addition, the action provides for an increase in the GGF TAF to continue delivery of technical assistance through intermediaries. |
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence