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Picture of North Macedonia

North Macedonia

The Republic of North Macedonia is an upper middle-income country situated in Southeastern Europe, bordering Bulgaria, Greece, Serbia, Kosovo, and Albania. It gained independence in 1991.

North Macedonia is landlocked on an elevated plateau, with mountains, deep basins and valleys. According to the World Bank, land use for agriculture represents almost 50% of the surface area with forests covering approximately one-third. The country is vulnerable to the impacts of climate change such as increase in temperature, decrease in precipitation, and increases in extreme weather events such as heat waves. These pose increasing risks to the country’s agricultural sector which employs 21.7% of the workforce.

For energy, North Macedonia relies predominantly on fossil fuels such as coal and hydropower, and is dependent on electricity imports.

North Macedonia is one of the countries selected to participate in the Accelerating Coal Transition investment program.
 

POPULATION:
2.08 Million (2020)
CO2 EMISSIONS PER CAPITA:
3.3 CO2 metric tons (2020)
SOURCE:
World Bank

INVESTING IN NORTH MACEDONIA

CIF North Macedonia ACT IP
ACT INVESTMENT PLAN NORTH MACEDONIA - MARCH 20, 2024

Country Snapshot

ACT
INVESTMENT PLAN

North Macedonia (ACT) Investment Plan | Indicative Allocations by MDB

Endorsed by the Clean Technology Fund (CTF) Trust Fund Committee (TFC) on March 20, 2024 with the request to provide the indicative allocations by MDB in writing by April 30, 2024 (Decision)

COUNTRY MISSIONS

Joint Mission: September 19-22, 2023

Terms of Reference | Aide Memoire

ACT
INVESTMENT PLAN

North Macedonia (ACT) Investment Plan | Indicative Allocations by MDB

Endorsed by the Clean Technology Fund (CTF) Trust Fund Committee (TFC) on March 20, 2024 with the request to provide the indicative allocations by MDB in writing by April 30, 2024 (Decision)

COUNTRY MISSIONS

Joint Mission: September 19-22, 2023

Terms of Reference | Aide Memoire

North Macedonia Projects

Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
2A: Green & Growth Project for SMEs
Picture of CTF in which this project is tagged
project
Clean Technology Fund (CTF)
Retiring Coal Assets and Repowering with Renewable Energy
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Dec 11, 2024
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