AccessBank has signed a new loan agreement with the Global Climate Partnership Fund S.A. (GCPF, managed by responsAbility Investments AG) for USD 7.5 million to finance energy efficiency and renewable energy projects for MSMEs.

This marks the second tranche of cooperation with GCPF, following the first attracted in December 2023, ahead of COP29 in Baku, which was successfully utilized to support green projects. The new, larger tranche continues Azerbaijan’s green agenda and strengthens AccessBank’s role in promoting clean energy and sustainable practices.

Chairman of the Management Board, Davit Tsiklauri, noted: “We are proud to extend our cooperation with GCPF and contribute to the decarbonization and diversification of Azerbaijan’s economy. Expanding green lending will support both a sustainable economy and the growth of MSMEs.”