The Industrial Energy Accelerator published an article on the launch of the Loan Guarantee Fund to support the energy efficiency of industrial enterprises in Ukraine.

In the article the following experts shared their views on the reasons and prospects of the Loan Guarantee Fund launch in Ukraine: Marco Matteini, UNIDO Program Manager, Serhiy Porovskyy, UNIDO Energy Efficiency Financing and Policy Expert and Rodion Morozov, UKRGASBANK JSB Deputy Chairman of the Management Board.

The full article is available on the website of the Industrial Energy Accelerator.

The Industrial Energy Accelerator is a UNIDO-led network of international initiatives working to inspire global action on industrial energy efficiency.

In August the United Nations Industrial Development Organization (UNIDO) and Ukraine’s Public Joint Stock Bank “UkrGasBank” officially launched a US$1.5 million Loan Guarantee Fund for investments into industrial energy efficiency. The fund, which is supported by the Global Environment Facility (GEF) and cross-guaranteed by Citibank Europe PLC, will provide much needed capital for boosting the energy efficiency market in Ukraine’s industrial sector.

This is the first time in Ukraine that a UN agency has facilitated a guarantee-based financial mechanism.

Detailed information on the terms of the lending program can be viewed on the website of UKRGASBANK JSB at the link.