• KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09272 -0.11%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 51

EBRD, EU, GCF and South Korea boost climate finance in Tajikistan

DUSHANBE (TCA) — Farmers, businesses and homeowners in Tajikistan will benefit from better access to climate finance thanks to the Green Economy Financing Facility (GEFF) Tajikistan, launched by the European Bank for Reconstruction and Development (EBRD) on November 21. The US$ 25 million facility will offer loans for investments in high-performing technologies that improve the use of water, energy and land resources in Tajikistan, in partnership with local financial institutions. Humo, a local microfinance institution, is the first partner to join the facility, with a loan of US$ 1 million for on-lending to its clients, the EBRD’s press office said. These loans will cover investments in technologies such as drip irrigation, rainwater harvesting and storage, solar panels and energy-efficient cold-storage facilities. Beneficiaries can identify climate friendly technologies through the Technology Selector database and are supported by the GEFF Tajikistan technical assistance team. GEFF Tajikistan is supported by the European Union (EU), the Green Climate Fund (GCF) and South Korea. The EU offers approximately US$ 4 million of investment incentives to farmers and businesses so that investment in modern and efficient technologies can boost their competitiveness and bring environmental and social benefits. GEFF Tajikistan blends US$ 6.25 million of GCF concessional finance with US$ 18.75 million of EBRD finance. Over US$ 3 million of funding for technical assistance is contributed by the GCF and South Korea. GEFF Tajikistan supports gender activities that aim to enhance women and men’s equal opportunity to access finance for green technologies. GEFF Tajikistan builds on the successful experience of its predecessors, such as the-ECTAP facility, which increased access to finance in the agricultural sector, and CLIMADAPT, which piloted financing for climate resilience. The EU is a strong partner of the EBRD in climate action and supports 14 GEFFs across Central Asia and beyond. To date, the GCF has been supporting EBRD programmes worth US$ 830 million, catalysing more than US$ 3.6 billion in total project value. The GCF is the largest climate fund in the world to support developing countries’ efforts to respond to the challenge of climate change. The EBRD has invested nearly €670 million (US$ 740 million equivalent) in various sectors of Tajikistan’s economy to date. The country is highly vulnerable to climate change, with water resources, the agricultural sector, transport infrastructure and public health particularly exposed.

Prospects to develop green economy through private sector discussed in Kyrgyzstan

BISHKEK (TCA) — The OSCE Programme Office in Bishkek supported a conference entitled Prospects to Develop the Green Economy through the Private Sector that took place on November 14. It was organized during the annual Green Economy Week held from 11 to 17 November. Continue reading

Uzbekistan hosts business forum on green technologies

TASHKENT (TCA) — Strengthening cooperation in the field of environmental and sustainable development in Central Asia was the focus of the 2019 OSCE Second Central Asian International Business Forum on 9 and 10 October in Tashkent. Continue reading

EBRD and GCF boost Kazakhstan’s green power generation

ASTANA (TCA) — The European Bank for Reconstruction and Development (EBRD) is teaming up with a new investor in Kazakhstan’s renewable energy sector, Joachim Goldbeck Holding GmbH, to construct a new 100MW solar plant in the Karaganda region of Kazakhstan, a regional leader in solar power generation. Loan and project support agreements were signed on November 28 in Astana for the largest solar power plant built at one time in Central Asia, the EBRD said. Continue reading

Kazakhstan has decade to prepare for global switch away from oil, EBRD report says

ASTANA (TCA) — Ahead of the major climate conference, COP24, a new European Bank for Reconstruction and Development (EBRD) report looks at Kazakhstan, reliant on oil exports for about half of its revenues, and the implications for the country’s finances of a global shift away from fossil fuels. Continue reading

EBRD approves new strategy for Uzbekistan

TASHKENT (TCA) — The European Bank for Reconstruction and Development (EBRD) Board of Directors has approved a new strategy for Uzbekistan which sets out the Bank’s priorities in the country for the next five years. The strategy reflects recent changes in the country’s political and macroeconomic environment and is aimed at the creation of an open, integrated and export-driven economy, the Bank said on September 28. Continue reading

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