Nordic Environment Finance Corporation
A Framework Agreement between the Republic of Belarus and the Nordic Environment Finance Corporation (NEFCO) was signed in London on 20 January 2015. Ratified by Law No. 279-З of the Republic of Belarus of 6 July 2015, the agreement entered into force on 11 August 2015.
In Belarus NEFCO is focused on economically viable projects that generate a regional environmental impact. NEFCO supports projects by using various financial mechanisms, including by opening credit lines to Belarusian partner banks to support environmental projects.