Tajikistan allocated over €72 million for climate change adaptation

Tajikistan is set to receive €72. 25 million in funding under the new regional Climate Resilient Landscapes in Central Asia (CLiCA) program, which also covers Uzbekistan and Kyrgyzstan. The seven-year initiative has a total budget of €264. 4 million. The program was approved at a meeting of the Green Climate Fund (GCF) Board, held in South Korea from October 26 to 29. According to the program’s financial documents, Tajikistan’s allocation includes grants, a proposed loan from the European Investment Bank (EIB), and contributions from the Tajik government. The initiative was developed by the German Agency for International Cooperation (GIZ) in partnership with the three Central Asian countries. Where will the funding come from? Of the €72. 25 million earmarked for Tajikistan, the largest share will come from the Green Climate Fund. The funding package consists of: €35.

09 million in grants from the Green Climate Fund; €2. 48 million in grant funding from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ); €30 million in proposed loans from the European Investment Bank (EIB); €4. 68 million in in-kind contributions from the Tajik government. The proposed EIB loan has not yet been finalized and remains subject to further agreements and approvals. How will the money be spent? The program aims to help rural communities adapt to climate change while restoring degraded forests, pastures and agricultural land. In Tajikistan, planned activities include introducing water-saving irrigation technologies, improving horticultural practices, cultivating drought-resistant and other climate-resilient crops, and restoring soil fertility. The initiative will also help farmers and small agricultural businesses gain access to financing for climate adaptation measures.…