EBRD launches $30m energy efficiency programme in Kazakhstan
The European Bank for Reconstruction and Development has launched a $30 million Green Economy Financing Facility in Kazakhstan to support gender inclusive green finance for households and small private sector companies investing in green technology solutions.
Microfinance organisation KMF signed up as the first local partner financial institution with a credit line of up to $5 million for on-lending to small businesses. Thousands of households and domestic SMEs across the country, including small villages and remote rural areas, will benefit from loans of around $1,500 for investment in climate adaptation technologies and services. These may include solutions such as thermal insulation, photovoltaic solar panels, geothermal heat pumps and water-efficient irrigation systems.
