ADB to support further dev't of trade in Uzbekistan

Uzbekistan Materials 14 September 2022 11:37 (UTC +04:00)
Natavan Rzayeva
Natavan Rzayeva
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BAKU, Azerbaijan, September 14. Asian Development Bank (ADB) signed a new loan agreement with the Uzbek Davr Bank JSCB on the basis of the Trade and Supply Chain Finance Program (TSCFP) aimed at supporting trade in Uzbekistan,Trend reports via the Uzbek bank.

This partnership made Davr Bank the 11th bank in the ADB's Trade and Supply Chain Finance Program.

These funds will contribute to the further development of small business and entrepreneurship in Uzbekistan.

The TSCFP has provided $2.1 billion through 767 transactions until March 2022 to Uzbekistan.

The Trade and Supply Chain Finance Program empowers countries to meet the Sustainable Development Goals by closing market gaps through guarantees, loans, and knowledge products.