News

News

Brussels, May 26 2025  – The Green for Growth Fund (GGF) is pleased to announce a new partnership with the Swedish International Development Agency (Sida) to establish an unfunded portfolio risk-sharing facility. This collaboration aims to unlock significant financing for green lending in the Western Balkans and Eastern Neighborhood countries.

This partnership marks GGF's first risk-sharing, unfunded guarantee and the onboarding of a new guarantee partner. Sida and GGF are aligned in their objectives to support real economies and acceleration of the green transition in the Western Balkans and Eastern Neighborhood.  Under this partnership, Sida and GGF have signed an unfunded guarantee amounting to EUR 60 million. 
GGF will be able to provide EUR 120 million in loans to private businesses and households through financial intermediaries and directly to corporate companies that will help channel urgently needed investments toward decarbonizing the economy; expanding renewable energy generation, and improving energy efficiency.

"We are excited to welcome Sida as a new guarantee partner to the Green for Growth Fund. This innovative funding approach, being the first of its kind for us, represents a major milestone. We are grateful to Finance in Motion for their exceptional work in structuring this deal. This partnership not only strengthens our capacity to support green initiatives but also enhances our ability to prepare financial institutions and businesses for future opportunities in the EU market."  – Simon Gupta, GGF Board Chairperson.

“Sida welcomes this new partnership that aims to support the Green for Growth Fund in increasing green financing to businesses and households in countries that are highly prioritized by Sweden. The guarantee collaboration between Sida and the Green for Growth Fund bridges the investment gap in high-risk markets while complementing other Swedish ODA contributions as well as EU programs.” – Kjell Forsberg, Assistant Director General, Trade, private sector and financial instruments, Sida.

"We are grateful to Sida for their partnership and support. This collaboration is crucial for the Green for Growth Fund, enhancing our efforts in promoting energy efficiency and renewable energy projects. Sida's backing will allow us to drive impactful investments essential for the sustainable development of the Western Balkans and Eastern Neighborhood  regions.” – Borislav Kostadinov, Fund Director of GGF at Finance in Motion.

About the GGF

The Green for Growth Fund promotes energy efficiency and renewable energy in Southeast Europe, the Caucasus, the Middle East, and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households access sustainable energy solutions, fostering energy efficiency and reducing carbon emissions. GGF was initiated as a public-private partnership by the European Investment Bank and Germany’s KfW Development Bank, with financial support from the European Union, BMZ, and other international investors. Finance in Motion GmbH, Germany, serves as GGF’s advisor. www.ggf.lu

About Finance in Motion
Finance in Motion structures, manages, and advises almost €4 billion across 9 funds, all classified as Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building. Founded in Germany, with local expertise from Latin America to CEE, it has been investing in emerging markets for over 20 years. www.finance-in-motion.com

About Sida
Sida – the Swedish International Development Cooperation Agency – is a government agency working to create better living conditions for people living in poverty and under oppression around the world. Sida works on behalf of the Swedish government and parliament and the agency's activities are funded through Swedish tax revenue.

Media contact GGF
Nusha Westhoff
Director Marketing & Communications
Mobile: +49 69 271 035-789
Email: press@ggf.lu

Media contact Sida: 
Julia Lindholm
Press Officer
Email: press@sida.se