Financing the Green Economy Through International Financial Institutions: Opportunities and Challenges for Uzbekistan

The transition to a green economy in Uzbekistan is a cornerstone of sustainable development amid escalating climate vulnerabilities, including desertification affecting 80% of the territory and Aral Sea degradation impacting millions. This IMRAD-structured study investigates the financing role of key international financial institutions (IFIs) – the World Bank, Asian Development Bank (ADB), and European Bank for Reconstruction and Development (EBRD) – in supporting Uzbekistan’s green initiatives for 2025–2026. Drawing on official projections and a mixed-methods approach integrating econometric forecasting (ARIMA models) and comparative case analysis with regional peers, the research reveals substantial opportunities from concessional flows projected at 3. 2–4. 0 billion annually, predominantly directed toward renewables and efficiency. However, persistent challenges such as institutional capacity constraints, policy implementation lags, and external geopolitical risks limit absorption.