Tirana, 14 October 2025 – Following the European Union’s €20 million investment in the Green for Growth Fund (GGF) to accelerate climate action in Southeast Europe, the Fund is expanding its collaboration with key financial institutions to advance green lending across the region.
At the EU-WB 6 Investment Forum in Tirana, the Fund signed term sheets with partners in Kosovo, Serbia, and Bosnia and Herzegovina. Together, these partnerships represent a strong pipeline of over €100 million in prospective green financing for households, SMEs, and corporates.
The facilities aim to enable energy efficiency refurbishments, small-scale renewable energy generation, and corporate investments in cleaner technologies, reducing energy poverty, cutting emissions, and strengthening competitiveness across Southeast Europe.
By deepening cooperation with local partners such as UniCredit Bank Serbia , KRK - Kreditimi Rural i Kosovës L.L.C, Banka për Biznes (BpB) Kosovo, AIK Banka Serbia, ProCredit Bank Bosnia & Herzegovina., the GGF continues to scale climate action through the financial sector, ensuring that green finance reaches the communities and enterprises driving the region’s sustainable transformation.
With the EU’s catalytic capital and KfW Development Bank’s continued support, the Green for Growth Fund remains a key instrument for delivering the European Green Deal and advancing the green transition where it is needed most.
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
Media contact GGF
Nusha Westhoff
Director Marketing & Communications
Mobile: +49 69 271 035-789
Email: press@ggf.lu