The Tajikistan Climate Resilience Financing Facility CLIMADAPT is developed by the European Bank for Reconstruction and Development (EBRD) and Climate Investment Funds (CIF) and is specifically dedicated to investments in improved climate resilience technologies to help make the Tajik private sector more resilient to climate change.
We offer loans to private sector businesses, farmers and households through our partner financial institutions.
The facility supports the investment in both existing and pilot technologies which are available through our recommended suppliers and installers and which are used to improve efficiency in water and energy use and to reduce soil erosion.
On the 8th of July in Nassoji Khujand/Textile City the CLIMADAPT project team comprising team leader Christophe Cordonnier, deputy team leader Farukh Kasimov, marketing co-ordinator Lola Mukhtorova, PFI relationship manager Shuhrat Komilov met with 20 representatives from pilot textile and clothing companies. They introduced the key benefits and aspects of the CLIMADAPT Credit Line and discussed the possibilities of joint co-operation.
A team of consultants led by international Lead Financial Expert Kairat Shalabay and local PFI Relationship managers Jamilya Saidova and Shuhkrat Komilov organized introductory trainings for the staff of PFI bank branches in the framework of the Climadapt project. These trainings provided information on the project criteria, loan processing, appropriate innovative technologies and marketing activities of Climadapt project. They took place in February and July 2016 in the PFI branches in Khujand, Dushanbe, J. Rasulov district and Kurgan-Tube.
A new climate financing facility in Tajikistan, CLIMADAPT, was launched in February this year. The European Bank for Reconstruction and Development (EBRD), in partnership with the PPCR, launched the fund. The UK Department for International Development (DFID) contributes funding for technical cooperation activities. The CIF is providing $5 million USD and has leveraged an additional $5M USD from EBRD to create a pilot Climate Resilience Financing Facility.