The European Bank for Reconstruction and Development (EBRD) is advancing green technology and fostering small business growth in Kazakhstan with a $60mn (€55.3mn) loan package to Bank CenterCredit (BCC), a leading private lender in the country.
This financial package includes a $30mn loan in Kazakhstan tenge through the EBRD’s Kazakhstan Green Economy Financing Facility II (GEFF Kazakhstan II). This initiative, backed by the Climate Investment Funds, aims to make green technologies more accessible to small businesses and households, while generating new job opportunities.
The GEFF programme aligns with the EBRD’s Green Economy Transition strategy, targeting the bank’s goal to become predominantly green by 2025. The remaining $30mn will be directed towards supporting micro, small, and medium-sized enterprises across Kazakhstan, with additional support from the European Union’s Investment Facility for Central Asia.
To date, the EBRD has invested €10.2bn in 324 projects within Kazakhstan, with a focus on bolstering private entrepreneurship.
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