Pilot GEFF Kazakhstan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

27 Nov 2019



PSD disclosed:

21 Oct 2019

Translated version of this PSD: Kazakh | Russian

Project Description

The provision of up to US$ 30 million for the establishment of a Pilot Green Economy Facility (GEFF) framework in Kazakhstan. The GEEF is expected to be launched upon the confirmation of the first participating financial institution (PFI).

Project Objectives

The project aims to support local currency lending to the micro, small and medium-sized enterprises and residential sectors in Kazakhstan for energy efficiency, renewable energy, and resource efficiency purposes by providing term financing to PFIs. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged by the GEFF Framework.

Transition Impact

The proposed Framework will contribute to the Green TI quality in line with the Green Economic Transition ("GET") TI rating methodology, with 100% of the use of proceeds allocated to GET activities.

Client Information

Potential PFIs (up to three PFIs are expected) are expected to be privately owned banks and/or microfinance organizations in Kazakhstan with wide branch networks and focus on MSME

EBRD Finance Summary

USD 30,000,000.00

Total Project Cost

USD 30,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). Partner Financial Intermediaries (PFIs) under this programme will be required to comply with the EBRD's Performance Requirements 2, 4 & 9. Eligible sub-projects under GEFF will be required to be in compliance with the national environmental, social, labour, health and safety legislation as well as the EBRD's specific Environmental and Social eligibility criteria for Renewable Energy and Energy Efficiency sub-projects. Any new PFI will be subject to the EBRD's environmental and social due diligence. All PFIs will be required to submit Annual Environmental and Social Reports to the Bank including reporting on sub-projects and their GET benefits.

Company Contact Information

Nikolas Drude
+7 495 787 1111 ext. 116
+7 495 787 1122
2nd floor, Ducat Place III, 6 Gasheka Street, Moscow, Russia 125047

Business opportunities

For business opportunities or procurement, contact the client company.

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