Early Warning System

Countries

Uzbekistan

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

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

Sep 12, 2023

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

Up to nine qualifying partner financial institutions.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Climate and Environment
Finance
Industry and Trade

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

$ 90.00 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.

Project Cost (USD)

$ 100.00 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.

Other Related Projects

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 5, 2023

Disclosed by Bank Jul 4, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

As stated by the EBRD, Green Economy Financing Facility (GEFF) II Uzbekistan is a Framework of up to USD 100 million of the EBRD financing inclusive of up to USD 10 million concessional co-financing from Taiwan International Cooperation and Development Fund to qualifying Participating Financial Institutions for on-lending to business and residential sectors investing in climate mitigation and adaptation measures in compliance with the EBRD's Green Economy Transition (GET) Approach. The Framework builds on the results and experience from the previous GEFF Uzbekistan Facility of up to USD 60 million. GEFF II Uzbekistan Framework will scale up and diversify the range of GET eligible investments, deliver a wider sectoral reach, adopt a gender-mainstreaming approach for the first time and enhance the climate risk management focus.

The Framework will promote the transition to environmentally sustainable, low-carbon and climate resilient economies in Uzbekistan, by targeting commercial, industrial and residential sectors and climate mitigation and adaptation investments, preventing the economy from being locked into carbon-intensive, climate-vulnerable and/or environmentally damaging polluting pathways. This will be performed by providing funding and know-how to financial intermediaries to finance high performing 'green' technologies as well as raising awareness of the various stakeholders such as population, vendors, manufacturers and installers of technologies, SME and Corporate businesses. The EBRD's investment will be used to finance activities that qualify 100% as "green."

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

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.

EBRD Team Leader:

Khurshida Uzakova
Email: uzakovak@ebrd.com
Phone: +998781404400
Website: www.ebrd.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html