Slovenska izvozna in razvojna banka (SID Banka) will receive €50 million from the European Investment Bank (EIB), the European Union’s bank, to develop a new source of more affordable financing for investments in local infrastructure projects advocated by Slovenian municipalities.
SID Banka will match the EIB’s commitment with its own money, resulting in a total of €100 million available for municipal development projects in Slovenia.
Local governments and public corporations will be able to fund small-scale infrastructure projects, energy efficiency measures, and environmental activities in their communities.
The operation advances Slovenia’s green and sustainable development, enhances the country’s quality of life and business conditions, and strengthens the European Union’s economic, social, and territorial cohesion.
Slovenian towns will be able to invest in decreasing their energy usage, trash, and carbon footprint, helping to achieve global climate action and the EU’s goal of becoming carbon neutral by 2050.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.