Skopje, 7 October 2022 (MIA) - The representatives of the Finance in Motion and the Green for Growth Fund during the meeting with National Bank Governor Anita Angelovska Bezhoska underscored that the appropriate setting of the policies implemented by the National Bank in the past period of the health crisis and currently enables maintaining macroeconomic stability of the country, which is also supported by the stability of the banking system. “The setting of the regulation, the implementation of the supervision and the taking actions that enable macroprudential stability enable the banking system to provide uninterrupted and active support to the economic flows,” National Bank said in a press release. The meeting was attended by Governor Anita Angelovska Bezhoska alongside her team, Tony Myron, president of the Green for Growth Fund, Michael Neumayr, member of the fund’s management bodies, Borislav Kostadinov, director at Finance in Motion and Slaven Popovikj, regional representative of the Finance in Motion in our country. The meeting tackled the opportunities of providing new credit lines for the banking system to encourage investments in renewable energy sources, energy efficiency and resource efficiency as well as the possibilities for cooperation with the National Bank in the area of activities undertaken by it in the past several years in the field of green financing and managing climate change risks. Speaking about the National Bank’s activities, Governor Angelovska Bezhoska referred to the efforts made for an ever greater "green" component in the finances of the Macedonian economy. An example of that, as she said, is the measure that was adopted by the Council of the National Bank last month is the decision on amending the reserve requirement, which encourages crediting of projects for electricity generation from renewable sources. The Green for Growth Fund, as an initiative of the European Investment Bank and KfW Development Bank, supported by the Finance in Motion, is active in our country through financing banks and providing investments for project financing, as well as through technical support projects. Thus far, the Green for Growth Fund has provided financial support worth €41 million, including 22 projects for local financial institutions amounting to €800,000 in the form of irrevocable support.