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The Sustainable and Inclusive Green Acceleration Programme (“SAIGA”; or “the Programme”) in Kyrgyz Republic, Tajikistan, Türkiye and Uzbekistan (hereafter the “focus countries”) is created to accelerate decarbonization and market transformation through adoption of climate mitigation technologies at scale by leveraging the financial sector to catalyse innovative private sector investments in line with the NDC objectives.
The Programme will support private sector businesses, predominantly micro, small and medium enterprises (“MSMEs”) and households, as end beneficiaries , and Financial Institutions (“FIs”) as intermediaries to focus on gender-responsive climate mitigation activities, including demand-side energy efficiency (in industry, commerce and buildings) and decentralized renewable energy investments (including battery storage).
The objective of SAIGA is to help financial intermediaries and end beneficiaries in the target countries to overcome some of the major barriers hindering the quick uptake of mitigation practices and technologies to drive decarbonisation.
The Programme will support private sector businesses, predominantly micro, small and medium enterprises (“MSMEs”) and households, as end beneficiaries , and Financial Institutions (“FIs”) as intermediaries to focus on gender-responsive climate mitigation activities, including demand-side energy efficiency (in industry, commerce and buildings) and decentralized renewable energy investments (including battery storage).
The objective of SAIGA is to help financial intermediaries and end beneficiaries in the target countries to overcome some of the major barriers hindering the quick uptake of mitigation practices and technologies to drive decarbonisation.
Financial mechanism
GEF
Date of approval
Status
Project approved
Countries
Implementing organisations
EBRD
Project ID
11513
GEF project type
Full size
GEF project phase
GEF - 8
GEF Cofinancing
$237.250.000
GEF project grant
$13.761.469
Executing Agencies
Local Financial InstitutionsEuropean Bank for Reconstruction and Development