TASHKENT, Uzbekistan, July 8. The European Bank
for Reconstruction and Development is considering the
implementation of the next stage of its Green Economy Financing
Facility initiative (GEFF II) in Uzbekistan, Trend reports.
According to the project description, the GEFF II in Uzbekistan
is a financial framework provided by the EBRD, totaling up to $100
million. It includes up to $10 million concessional co-financing
from the Taiwan International Cooperation and Development Fund. The
aim is to support investments in climate mitigation and adaptation
measures that align with the EBRD’s Green Economy Transition (GET)
Approach.
Building upon the achievements and knowledge gained from the
previous GEFF Uzbekistan Facility, which had a financing capacity
of up to $60 million, the GEFF II Uzbekistan Framework aims to
expand and diversify the range of eligible investments under the
GET approach. It will extend its reach to additional sectors,
incorporate a gender-mainstreaming approach for the first time, and
enhance its focus on climate risk management.
To facilitate the framework’s objectives, Technical Cooperation
funding of up to 3.355 million euros will be provided, the EBRD
said.
This funding aims to transfer strategic know-how to the local
market, specifically focusing on climate mitigation, adaptation,
and other environmentally sustainable investments. It seeks to
promote the adoption of high-performance technologies and services
while supporting the transition towards a green economy.
