The Green Economy Financing Facility (GEFF) is an international initiative of the European Bank for Reconstruction and Development (EBRD) aimed at accelerating the transition to a sustainable economy by promoting investments in energy-efficient and resource-saving technologies. The GEFF programme operates through a network of 220 financial institutions in 29 countries around the world with the financial support of the EBRD in the amount of EUR 8.0 billion.
Thanks to more than 268,000 sub-borrowers, more than 11 million tons of CO₂ emissions per year have been avoided.
GEFF helps the private sector — from households to agricultural and industrial businesses — modernize equipment, adopt advanced technologies, and reduce environmental impact, while improving productivity and reducing operational costs.
GEFF in Tajikistan: Two Phases of Development
Phase I (2019–2023)
The first phase of the GEFF programme in Tajikistan focused on the promotion of green technologies across sectors such as agriculture, housing and utilities, commerce, and manufacturing. Total financing was USD 25 million. Through partner banks and microfinance institutions, participants received access to concessional financing, technical support, and investment grants.
This phase was supported by the following donors:
The financial institutions involved in Phase I included: Bank Arvand, Eskhata Bank, IMON International, MDO Humo, and ICB (FMFB).
More than 4,600 sub-projects were supported under this phase, resulting in significant reductions in CO₂ emissions, energy and water savings, and increased resilience of agricultural and commercial operations.
Phase II (2023–2028)
The second phase — GEFF Tajikistan II — expanded the scope of support and focuses on strengthening sustainable solutions within agricultural value chains, supporting households and private enterprises, and building institutional resilience among financial partners. Total financing is USD 50 million.
This phase is supported by the following donors:
Current financial partners include: Bank Arvand, MDO Humo, MDO IMON International, and Investment and Credit Bank (ICB).
Key components of the programme include:
GEFF Tajikistan continues to play a vital role in fostering sustainable economic growth by providing access to modern green technologies and enhancing the institutional capacity of local financial institutions.
In partnership with:
South Korea
