The European Bank for Reconstruction and Development (EBRD) has provided a loan of up to USD 3 million (EUR 2.6 million) to the Closed Joint Stock Company “Kyrgyz Investment and Credit Bank” (KICB).
The relevant agreement was signed in London under the Green Economy Financing Facility in the Kyrgyz Republic III (KyrSEFF III).

Under the KyrSEFF program, financing and consulting services are offered to individuals and businesses to implement energy- and resource-efficient projects. The goal of the program is to improve comfort in homes and increase the competitiveness of businesses through high-performance technologies and practices.

According to the agreement, the EBRD is providing the loan to KICB for on-lending to private borrowers. The funds will be used to invest in climate change mitigation and adaptation in line with the EBRD’s Green Economy Transition (GET) approach — a comprehensive strategy aimed at reducing greenhouse gas emissions and enhancing energy efficiency.

Loans within the KyrSEFF program will be directed toward insulating residential and industrial buildings, optimizing the use of water and energy resources, and implementing renewable and resource-saving systems (such as solar thermal systems, photovoltaic panels, drip irrigation, rainwater harvesting, and other resource-conserving technologies), as well as other goals aligned with the program’s core mission.

Financing under KyrSEFF III is also available to suppliers and manufacturers of eligible materials and equipment, which are included in the program’s online Technology Selector — a database of energy-efficient technologies available on the KyrSEFF website.