The European Bank for Reconstruction and Development (EBRD) has unveiled a new initiative, Greening Financial Systems: Delivering Climate Finance for All, aimed at boosting access to affordable green finance across its regions.
The programme is expected to mobilise around US$ 634 million in green financing and will be implemented in 13 countries: Armenia, Egypt, Georgia, Jordan, Kazakhstan, the Kyrgyz Republic, Moldova, Mongolia, Morocco, North Macedonia, Serbia, Tajikistan and Uzbekistan.
Central to the scheme is a US$ 200 million contribution from the Green Climate Fund (GCF), which will provide concessional loans, incentive grants and technical assistance under a newly signed agreement with the EBRD.
The programme is designed to make sustainable finance more affordable and accessible for a broad spectrum of beneficiaries, ranging from households, smallholders and micro, small and medium-sized enterprises (MSMEs) to municipalities, utilities and larger corporates.
Through local partner financial institutions, concessional funding and advisory support will be channelled towards investments in energy efficiency, renewable energy, sustainable construction and climate-resilient technologies.
Building on the EBRD’s earlier Green Economy Financing Facility (GEFF) — a US$ 1.4 billion programme that included US$ 378 million from the GCF — the new initiative seeks to drive a transformative market shift.
Partner institutions will be equipped with concessional finance, climate-risk tools and training to scale up green lending. The programme also introduces financial incentives for institutions that commit to climate transition plans aligned with the Paris Agreement, embedding sustainability into their long-term business models.
Regional and gender inclusion are also key priorities. At least 30 per cent of subloans will be directed outside capital cities, while at least 20 per cent will target women-led projects.
Since 2017, the EBRD and GCF have mobilised more than US$ 5.2 billion in climate finance, supporting mitigation and adaptation projects across three continents.
