A new financing package from the EBRD and GCF delivered via the Bank's Green Economy Financing Facilities, which provide credit lines to financial institutions in EBRD countries of operations for climate change mitigation and adaptation investments. The Project will consist of an allocation of USD 400 million financing package of which USD 300 million will be provided by the Bank's ordinary resources and USD 100 million will be provided by the Green Climate Fund to be deployed under Green Economy Financing Facilities in Armenia, Egypt, Georgia, Jordan, Moldova, Mongolia, Morocco, Serbia, Tajikistan, and Tunisia. The Project will provide financing to qualifying local financial institutions in the eligible countries for on-lending to private and public sectors (businesses, individuals, housing collectives, suppliers and vendors of high performing climate technologies, service providers, and municipal service companies) for climate change mitigation and climate change adaptation investments, supporting Green Economy Transition.
The Framework will contribute to creating new and/or notably scaling up existing markets for climate change mitigation and climate change adaptation financing. By doing so, it will contribute to the strategic aim of the Bank's Green Economy Transition Approach especially by reaching out to smaller projects which the Bank would not be able to reach directly. The Framework will deliver scale by supporting the financing of more than 13,000 scalable and replicable climate change mitigation and climate change adaptation projects across the industrial, commercial, residential, transport and agricultural sectors. It will address multiple market barriers along the technology supply chains and unlock the potential for private sector investment.
