THE BUSINESS OF INTERNATIONAL TRADE
THE BUSINESS OF INTERNATIONAL TRADE
The European Bank for Reconstruction and Development (EBRD) is expanding its Green Economy Financing Facility (GEFF), launched in Uzbekistan in 2019, to support green finance for small private-sector companies investing in green technology solutions. Uzbekistan’s second-largest lender Uzpromstroybank (UzPSB) is the second financial institution in the country to join the facility. UzPSB will receive an EBRD loan of up to US$ 25 million for on-lending to domestic small and medium-sized enterprises (SMEs) willing to invest in climate mitigation and adaptation technologies and services. With a network of 45 branches and 170 outlets across Uzbekistan, UzPSB is well placed to support SMEs across the country, including in small villages and remote rural areas. To date, the EBRD has invested more than €2.4 billion through 97 projects in the economy of Uzbekistan.
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