BAKU, Azerbaijan, June 17. The European Bank
for Reconstruction and Development (EBRD) is providing a financing
package of up to $15 million to Tajikistan’s Investment and Credit
Bank (ICB) and Bank Arvand


This is reflected in a statement by the European Bank for
Reconstruction and Development.


According to the information, the financing package is intended
to support green lending, climate adaptation and women’s
entrepreneurship.


The announcement reflects the EBRD’s continued focus on
expanding sustainable finance and inclusive credit access for
households and small businesses in Tajikistan, particularly in
segments linked to climate resilience and female-led
entrepreneurship.


Under the package, ICB will receive two loans totalling $10
million. One loan of up to $5 million will be provided under the
Tajikistan Green Economy Financing Facility II (GEFF II), supported
by the Green Climate Fund (GCF) and donor contributions from South
Korea and Austria. The funds will finance investments in energy
efficiency, water use optimisation and sustainable land management
for residential and commercial borrowers.


The second $5 million loan will be allocated under the Women in
Business programme for Central Asia, supported by the Women
Entrepreneurs Finance Initiative and the European Union through its
Global Gateway strategy. The funding aims to expand access to
finance for women-owned and managed businesses and micro, small and
medium-sized enterprises (MSMEs), with technical assistance and
risk-sharing instruments helping to unlock additional lending.


Bank Arvand will receive up to $5 million under GEFF II to
support climate mitigation and adaptation technologies, further
expanding its green lending portfolio and improving access to
sustainable finance in regional markets.







ICB operates a nationwide network of 8 branches and 41 service
centres, while Bank Arvand runs 12 branches and 61 service centres
across more than 45 cities in Tajikistan.


To date, the EBRD has invested more than €1 billion in
Tajikistan through 192 projects, primarily focused on sustainable
infrastructure and private sector development.


The new financing is expected to further strengthen the role of
local banks in channelling international climate and development
funds into the real economy, particularly for underserved groups
such as women entrepreneurs and MSMEs, where access to long-term
financing remains limited.


This financing is likely to further strengthen the role of local
financial institutions as key intermediaries for international
climate and development funding, particularly in segments where
access to long-term capital remains limited.


At the same time, the combination of green finance and
women-focused lending reflects a broader shift toward more
inclusive banking models in Tajikistan, where sustainable
investment tools are increasingly used not only for environmental
goals but also for expanding access to credit for underserved
groups such as MSMEs and women entrepreneurs.