| Project Detail |
As per section 1.4.2 (iii) of the Directive on Access to Information: For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD. The provision of a senior synthetic Kyrgyz som loan or US dollar loan of up to US$ 15 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve their climate resilience and promote the developmnt of the countrys financial sector in particular through local currency lending. Project Objectives The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments. |
