Uzbekistan: Supplemental Financing to Uzbekistan Green and Resilient Market Economy Climate Policy-Based Financing (AIIB-001243)

Countries
  • Uzbekistan
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 29, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of Uzbekistan, Jamshid Kuchkarov
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 350.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 350.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 9, 2026

Disclosed by Bank Oct 30, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank's website, the approved project aims to help the Government of Uzbekistan sustain the reform momentum in its ongoing transition to a green economy amid the macro-fiscal pressures arising from the situation in the Middle East. The Loan will provide supplemental financing for the Uzbekistan Green and Resilient Market Economy Program Climate Policy-Based Financing (“Program”), approved on Nov 19, 2025, to sustain the government’s reform momentum, maintain priority public expenditures, including infrastructure investments and maintenance, and safeguard other essential development programs including those supporting Uzbekistan’s climate transition objectives. This Program is the first in the programmatic series of CPBFs, co-financed with the World Bank (WB). The Second Uzbekistan Green and Resilient Market Economy Program Climate Policy-Based Financing, currently under preparation, is targeted for approval in 2027. 

The proposed Loan is consistent with the requirements set forth in the Decision to Support AIIB’s Policy-Based Financing in Eligible Crises, (June 13, 2023, amended May 20, 2026), which inter alia authorizes the provision of supplemental financing for CPBF operations under implementation in response to an eligible crisis, as well as with the objectives of the Energy, Food Security and Economic Resilience Facility, which supports Members in addressing the impacts of the recent developments in the Middle East. The Loan is also consistent with AIIB’s mandate to foster sustainable economic development and with the Corporate Strategy. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

AIIB Supplemental Financing to Uzbekistan Green and Resilient Market Economy CPBF: USD 350 million 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Asian Infrastructure Investment Bank 

Project Team Leader: Emil Zalinyan 

Title: Senior Investment Officer 

Email: emil.zalinyan@aiib.org 

World Bank 

Project Team Leader: Pinar Yasar 

Title: Senior Economist 

Email: pyasar@worldbank.org 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html

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