Denmark supports Georgia’s green transition through new investment facility
Danish Investment Fund for Developing Countries (IFU) contributes with M 15 EUR to a EUR 80m loan syndication led by The Dutch Development Bank (FMO) for TBC Bank.
The partnership includes FinFund, the Green of Growth Fund, the Dutch pension fund ILX, and the Swiss impact investor Blue Orchard.
The loan has a tenor of 10 years and it will support projects by small and medium sized Georgian businesses in the area of sustainability, renewable energy and energy efficiency.