CMS has advised the European Bank for Reconstruction and Development on a USD 15 million financing package to Bank Arvand of Tajikistan.
According to CMS, “the package consists of three similar-sized loans of up to USD 5 million (EUR 4.6 million) each. The first loan comes under the Tajikistan Green Economy Financing Facility II and will encourage residential and commercial borrowers to invest in green and innovative solutions that promote the efficient use of water and the sustainable management of land. GEFF Tajikistan II was launched by the EBRD and the Green Climate Fund and is supported by donor funding from South Korea, Austria, and the GCF.”
Moreover, the firm reports that the second loan comes under the EBRD’s Youth in Business program in Central Asia targeting micro, small, and medium-sized enterprises led or owned by young individuals under the age of 35. “The third recently signed loan came under the EBRD’s Women in Business program for Central Asia, which is supported by the Women Entrepreneurs Finance Initiative.”
The CMS team included Warsaw-based Partner Rafal Zakrzewski and Senior Associate Krzysztof Schulz.
