Asian Development Bank to provide $150 million to Uzbekistan for mortgage and green finance

Loans under the Asian Development Bank's Mortgage Market Sector Development Programme will be used for residential mortgages, home improvements and green financing for Uzbekistan's mortgage refinancing company.

Uzbekistan can use green renovation loans to upgrade or install heating and cooling systems, install solar panels, and improve waterproofing - to improve energy efficiency.

According to the Asian Development Bank's programme, at least 32.5% of the loans must be made available to women. The loan also stimulates financing mechanisms to boost market-based mortgage finance in Uzbekistan. Residential mortgage products, including green products, expand financing options.