Uzbek National Bank signs loan agreement with AIIB

Uzbekistan Materials 29 January 2022 10:58 (UTC +04:00)
Uzbek National Bank signs loan agreement with AIIB

BAKU, Azerbaijan, Jan. 29

By Natavan Rzayeva - Trend:

The Uzbek National Bank signed a loan agreement with the Asian Infrastructure Investment Bank (AIIB) to attract a preferential credit line in the amount of $200 million, Trend reports via the Uzbek bank.

The main purpose of this agreement is to support enterprises affected by the ongoing coronavirus pandemic, providing them with working capital and increasing production capacity by providing loans to small businesses for the implementation of infrastructure projects, as well as projects in the field of production, catering, transport, and services.

The agreement will serve as an additional incentive to further promote trade and economic relations between Uzbekistan and the AIIB member countries and the development of promising areas of their cooperation.


Follow the author on Twitter: @NatavanRzayeva5