Tashkent, June 9 -- The European Bank for Reconstruction and Development (EBRD) has expanded a Green Economy Financing Facility (GEFF), launched in Uzbekistan in 2019, to support green finance for small private sector companies investing in green technology solutions.

"The country's second largest lender UzPromstroybank (UzPSB) is the second financial institution in the country to join the facility supported by grants provided by the EU under its Investment Facility for Central Asia (IFCA). Designated consultants will help UzPSB develop a portfolio of GEFF projects and will work with individual borrowers to assist with their green transformation", the bank said in a statement.

UzPSB will raise an EBRD loan of up to $25mn for on-lending ...