Miljö&Klimatlånefond i EBRD EBRD Environment & Climate Loan Fund - Co-financing w EBRD Co-financing between EBRD and Sida (environmental loans) in municipal infrastructure projects in Eastern Europe and Western Balkans. Samfinansiering mellan Sida (miljölån) och EBRD av kommunal           infrastruktur i östra Europa o västra Balkan. The first Sida-EBRD Municipal Environment and Climate Programme (SWME) contribution agreement was signed in 2009 for the period 2009-2014. The second Sida-EBRD Municipal Environment and Climate Programme Account II (SWM2) agreement was signed in 2014 for the period of 20152020. The overall objective of the funds are to promote sustainable use of natural resources, to protect the environment and to improve municipal public services for the benefit of citizens in EaP and WB. The programme also supports the countries in their EUapproximation process respectively. The SWME fund has provided EUR 26 309 378 of funding for 42 technical cooperation projects and eight investment grants since establishment. The SWM2 fund has provided EUR 20 008 543 of funding for 40 technical cooperation projects and six investment grants since establishment. 

The two funds together provide assistance to the following countries: Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Georgia, Kosovo, North Macedonia, Moldova, Serbia and Ukraine. The projects are also expected to reduce pollution and improve energy and other natural resource efficiency, although no specific combined targets were set for these results. Upgrading the services to EU standard will help the countries in their EU-approximation process.