BISHKEK, Kyrgyzstan, May 14. The European Bank for Reconstruction and Development (EBRD) has committed up to $23 million to Demir Bank to boost trade and green innovation in Kyrgyzstan, Trend reports.
The financial package includes a senior loan of up to $15 million under Kyrgyzstan’s third Green Economy Financing Facility (KyrSEFF III). This funding will support local micro, small, and medium-sized enterprises (MSMEs) and households in improving climate resilience, reducing pollution, and promoting sustainable water usage. The financing will be available in U.S. dollars or synthetic Kyrgyz som.
The KyrSEFF III program also provides financing for vendors and producers of eligible materials and equipment through an online Green Technology Selector, a database of energy-saving technologies available on the KyrSEFF website.
In addition to the green economy initiative, the EBRD is increasing Demir Bank’s trade finance limit by up to $8 million under its Trade Facilitation Program (TFP). This funding will enable domestic businesses to import essential goods, services, and equipment, as well as export products abroad.
The TFP supports international trade by providing guarantees to international confirming banks, covering political and commercial payment risks associated with trade transactions. It also strengthens local capacity in trade finance, compliance, and related skills.
Demir Bank, the first bank in Kyrgyzstan with international ownership, has been an EBRD client since 1997. The EBRD has been active in Kyrgyzstan since 1992, investing nearly €1.1 billion across 265 projects, with a focus on sustainable infrastructure and the private sector.
