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EBRD Will Allocate 400 Million USD for Climate Change Adaption

The EBRD will allocate 400 million USD in 10 countries for investing in adaptations to climate change.

300 million dollars will directly finance the European Reconstruction and Development Bank, and 100 million dollars will be allocated from the Green Climate Fund. The list includes countries such as Georgia, Armenia, Egypt, Jordan, Moldova, Mongolia, Morocco, Serbia, Tajikistan, and Tunisia.

The project will provide finances to qualified private and public sectors. It considers business sectors, private individuals, suppliers, service centers and municipal service companies as recipients for allocation.

The project will finance over 13,000 different types of projects, including industry, households, transport, and agriculture.