Green Climate Fund approves two new projects for Tajikistan worth $190 million

Tajikistan will benefit from two new climate resilience projects approved by the Green Climate Fund (GCF), with a combined value of $190 million. This funding includes $62 million in grant financing, signifying non-repayable assistance.

The decision was made during the 45th meeting of the GCF Board, held in Dushanbe from June 29 to July 2. The gathering brought together board members, representatives from international financial institutions, and climate experts.

The first project, valued at $30 million, is earmarked to support 14 cities and districts across Tajikistan. Its focus will be on assisting vulnerable communities, encouraging the adoption of water-saving technologies, and bolstering the horticulture sector. The second, larger initiative aims to modernize drinking water supply and wastewater systems in the cities of Roghun, Danghara, and Khujand. It also includes provisions for rehabilitating existing irrigation infrastructure.

This second project will be funded through a combination of a GCF grant and a loan from the European Bank for Reconstruction and Development (EBRD). During the Dushanbe meeting, the GCF Board approved a total of 11 projects for developing nations, amounting to $700 million, with the GCF contributing $369 million of that sum. Globally, the GCF has approved projects worth $20.1 billion to aid developing countries in mitigating and adapting to climate change.