BAKU, Azerbaijan, November 4. Uzbekistan’s Uzpromstroybank signed a Mandate Letter with International Finance Corporation (IFC), Trend reports via the Uzbek bank.
According to the document, the IFC will provide the bank with a $50 million subordinated loan and assistance in the issuance and private placement of Eurobonds.
Thus, the corporation plans to assist in the implementation of the bank's planned pre-privatization measures by improving capital adequacy.
In particular, measures will be supported to increase the scale of lending to small and medium-sized businesses and private entrepreneurship in strategically important areas.