Access to Green Finance for SMEs in Georgia

Small and medium-sized enterprises (SMEs) play an important role in Georgia’s economy. SMEs provide more than 67% of employment and about 62% of gross value added. Although the environmental footprint of individual SMEs may be low, their aggregate impact in many respects exceeds that of large businesses. Commercial banks have an important role to play in providing access to green finance, particularly for SMEs. This report reviews the experience with green lending in the SME sector in Georgia. The analysis identifies the main challenges with lending to SMEs for green projects and discusses possible solutions. The report, in particular, looks at the role of the government and the policy instruments it can use to stimulate higher demand for green lending in the SME sector.

Published on December 19, 2019Also available in: Georgian

In series:Green Finance and Investmentview more titles


Abbreviations and acronyms
Executive summary
The macroeconomic context for green investments in Georgia
Small and medium-sized enterprise policy in Georgia
Energy, Environmental and Climate Policy of Georgia
Climate finance for SMEs in Georgia
Recommendations for policy makers
Annexes2 chapters available
Georgia’s banking sector
SME low-cost energy and resource efficiency investments
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