Green Economy Financing Facility (GEFF)
Through Green Economy Financing Facility (GEFF) the EBRD provides credit lines to local financial institutions (banks, microfinance institutions and leasing companies) in Uzbekistan. GEFF in Uzbekistan consists of up to USD 60 million for financing Green economy investments. These loans are dedicated to finance private sector sub-borrowers in Uzbekistan for investment in green technologies and services supporting Green Economy Transition (GET technologies and services). The Facility is the first EBRD FI credit line to integrate the Bank’s GET objectives in Uzbekistan, going beyond the current business practices of energy efficiency and renewable energy by including water saving and material efficiency technologies. The objective of this assignment is to transfer strategic know-how and raise awareness about modern energy performance standards to contribute to the creation of a demand-driven, self-sustaining market for investments in high performance technologies and services supporting a green economy. More specifically, it is the aim to support all aspects of the implementation of the facility, from preparation to successful implementation and sub-project verification.