Project Notice
|
| PNR |
60826 |
| Project Name |
GCF GEFF Regional - Bank Arvand Loan IV |
| Project Detail |
Location:
Tajikistan
Project number:
55118
Business sector:
Financial institutions
Notice type:
Private
Environmental category:
FI
Approval date:
19 Mar 2024
Status:
Approved
PSD disclosed:
22 Mar 2024
The provision of a senior loan of up to USD 5.0m to Arvand Bank, of which up to USD 3.75m to be provided by the EBRD and up to USD 1.25m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II).
Project Objectives
The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the fourth loan under GCF-GEFF Regional Framework to Arvand which follows the successful utilisation of the first loan signed in 2021, the second one signed in 2022 and the third one in 2023. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvands product offerings with green lending products, in a gender responsive way. |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
Forestry |
| Country |
Tajikistan , Central Asia |
| Project Value |
TJS 5,000,000
|
