Project Detail |
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information. A senior unsecured loan of up to EUR 7 million to be provided in one tranche to ProCredit Bank Kosovo (PCBK) under the FIF - Go Digital in the Western Balkans Programme (Go Digital). The proceeds of the Banks investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness, and green technologies to eligible SMEs in accordance with the Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be Green Economy Transition (GET) eligible. Furthermore, at least 60% of the total investments shall be GET eligible. Project Objectives The Go Digital project will support PCBKs strategy to: (i) advance innovation and competitiveness of the private sector through targeted investments and increased awareness-raising among SMEs in Kosovo for a higher utilisation of automation and digitalisation technologies; (ii) support the transition to green economy; (iii) increase the capacity and trade potential of SMEs through increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. |