The European Bank for Reconstruction and Development (EBRD) is intensifying its support for sustainable development in Kazakhstan by awarding a $60 million financing package to Bank CenterCredit (BCC), a private lender in the country. This initiative aims to enhance the adoption of green technologies and foster the growth of small businesses.
The financial package is divided into two parts: The first $30 million supports the Kazakhstan Green Economy Financing Facility II (GEFF Kazakhstan II) supported by Climate Investment Funds, focused on making green technologies more accessible to small businesses and households.
The second $30 million is allocated to aiding private micro, small, and medium-sized enterprises (MSMEs) across Kazakhstan, with additional grant funding from the European Union’s Investment Facility for Central Asia enhancing this support.
