In Ukraine and Moldova, energy security is an essential component of a stable and successful future. But this can only be achieved by accelerating the green transition and enhancing energy resilience. We are supporting this effort by providing long-term, local currency financing to two financial institutions. Leveraging our blended finance structure, we offer more attractive financing options – encouraging capital expenditure in energy security at a time of uncertainty. We provided EUR 20.1 million in financing to Bank Lviv. This capital will support Ukraine’s economic resilience as the war continues into its third year. The bank’s end-investees were agriculture and manufacturing SMEs undertaking energy efficiency and renewable energy projects. We strengthened Victoriabank’s capital base with a EUR 10 million subordinated loan. This allows the bank to expand access to green finance across Moldova. Symbolically, the Fund crossed the EUR 1 billion threshold with this investment.
Media Contact Finance in Motion GmbH Nusha Westhoff, Director Marketing & Communications Carl-von-Noorden-Platz 5 60596 Frankfurt am Main Tel. +49 (0)69 271 035 0 E-Mail: info@finance-in-motion.com www.finance-in-motion.com Media contact Calvert Impact Leigh Moran Director, Strategy Email: lmoran@calvertimpact.org
Southeast Europe and the Caucasus have delivered encouraging economic growth in 2024. Yet the region continues to face deep-rooted socio-economic challenges, such as the slowing pace of poverty reduction and lingering gender inequalities. Many factors have contributed to a difficult operating environment for businesses in the region. These include persistent inflation, disrupted supply chains, weakened EU and global demand, labour shortages, and shifts in global trade policy. The war in Ukraine continued to cast a shadow across the region in 2024, with few signs of that changing in 2025. Geopolitical and economic risks remain elevated.
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Special notice as regards the European Fund for Southeast Europe, the Green for Growth Fund and the Latin American Green Bond Fund: In respect of the United States of America, Canada, Japan or Australia or any other jurisdiction in which the distribution, offer, sale, transfer or resale would be prohibited by applicable law, no investment in notes/shares or other instruments of these funds (or their respective sub-fund(s)) can be offered or made.
All funds are managed or advised (as the case may be) by Finance in Motion Asset Management S.à r.l., a Luxembourg-based Alternative Investment Fund Manager directly supervised by the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (CSSF).