New financial instrument to help Ukraine’s industrial companies access to capital for implementation of energy management systems

The United Nations Industrial Development Organization (UNIDO) and Public Joint-Stock Company Joint Stock Bank,“UkrGasBank” have signed a contract that will enable the launch and operation of a US$1.5m Loan Guarantee Fund as special financial mechanism within the framework of the UNIDO-GEF project, Introduction of Energy Management System Standard in Ukrainian Industry.