Renewable energy
to get financing support

EU, EIB, AFD to provide
funds and technical assistance

The Central Bank (BDL) will launch early next year an €80 million (around $89 million) credit line for renewable energy and energy efficiency projects.

The credit line is funded by the European Investment Bank (EIB) and Agence Française de Développement (AFD).

The European Union (EU) will also offer technical assistance through a team of international and national experts to support BDL and private banks to prepare the financing scheme.

Although the received funds are in euro, the loans will be given in US dollar.

The credit line will become operational in January 2017.