TDB launches $75m SME off-grid facility
The Trade and Development Bank has launched a $75 million TDB SME Off-Grid Facility, which will facilitate access to debt financing for SMEs.
Primarily aimed at renewable energy SMEs in the off-grid energy sector, the facility is also available to SMEs in the broader infrastructure value chain operating in the region served by TDB. The aim is to “preserve household economic activity in the short-term and support firm productivity in the medium-term by enhancing the liquidity of SMEs involved in infrastructure value chains affected by the COVID-19 crisis”.
By prioritising infrastructure projects with significant development impact and high private-sector mobilisation potential, the selected projects will need to provide communities with access to improved, reliable, and affordable electricity, efficient transport and logistics services, and other social and economic infrastructure. Private firms and entities in TDB Member States involved in the supply, construction, and operation of infrastructure projects will be the main beneficiaries.
