Pristina, Kosovo, June 23, 2015 —
IFC, a member of the World Bank Group, and NLB Prishtina, part of the
largest banking group in Slovenia, signed an agreement today to increase
investments in energy efficiency for small enterprises and households in
IFC will support NLB Prishtina in improving
its capacity to identify, evaluate, and finance energy efficiency projects
in the country, with a goal to help mitigate climate change and contribute
to a cleaner, more sustainable environment.
“We believe there is considerable potential
for investments in modernizing smaller businesses and homes to make them
more energy efficient," said Albert Lumezi, Chairman of the Management
Board of NLB Prishtina. “Because these investments are quite complex,
we are pleased that they will be done with the cooperation and support
of IFC, which has considerable experience and expertise in this area.”
The advisory project is part of IFC’s
Sustainable Energy Finance Program in Europe and Central Asia, implemented
in partnership with Austria’s Federal Ministry of Finance. NLB Prishtina
is the second bank from Kosovo to join the program, after Banka per Biznes
in September 2014.
“Energy efficiency is a priority for
IFC due to the growing demand for energy, increasing supply constraints,
and concerns over the effects of climate change,” said Thomas Lubeck,
IFC Regional Manager for the Western Balkans. “This project also supports
government efforts to implement its Energy Efficiency Action Plan to cut
costs and comply with European Union standards.”
IFC’s Sustainable Energy Finance Program
provides a wide range of advisory services to support investments in energy
efficiency. IFC helps develop local expertise in energy efficiency-based
lending through training seminars, joint promotional activities, resource
materials, and advice on transactions.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org.
For more information about NLB Prishtina,
For more information about the Federal
Ministry of Finance, Austria, visit: http://english.bmf.gv.at.