The European Bank for Reconstruction and Development is providing up to US$30 million in financing to Hamkorbank to support green lending in Uzbekistan and improve access to sustainable finance for micro, small, and medium-sized enterprises as well as households. The funding is being extended under the Uzbekistan Green Economy Financing Facility II, which aims to promote green innovation and environmentally responsible investment across the country.
The loan will enable Hamkorbank to expand its energy-efficiency lending portfolio, allowing businesses and households to modernize production processes, reduce energy consumption, and strengthen climate resilience. By supporting investments in cleaner technologies and more efficient infrastructure, the financing is expected to contribute to lower emissions and improved productivity across key sectors of the Uzbek economy.
The EBRD loan is complemented by concessional co-financing provided by the government of Canada through the High-Impact Partnership on Climate Action. This blended finance approach helps reduce borrowing costs and encourages greater uptake of green investments, particularly among smaller enterprises that may otherwise face barriers to accessing climate-friendly financing.
The partnership is backed by a broad group of international donors supporting HIPCA, reflecting strong global cooperation to advance climate action and sustainable finance in emerging markets. Together, these contributions strengthen the impact of EBRD’s green economy initiatives in Uzbekistan.
Since beginning operations in Uzbekistan, the EBRD has invested more than US$6.6 billion through 196 projects, with a strong focus on private sector development and entrepreneurship. This latest investment reinforces the bank’s ongoing commitment to supporting Uzbekistan’s economic growth while advancing its transition toward a more sustainable and energy-efficient economy.
