TASHKENT, Uzbekistan, July 6. The National Bank of Uzbekistan and Standard Chartered, a British multinational bank, have concluded an agreement to attract a credit line in the amount of $100 million, Trend reports.
The document was inked during the "Investment Potential of the New Uzbekistan" international conference as part of the "New Uzbekistan: Development, Innovation, and Enlightenment" international partnership initiative week.
With the support from the Multilateral Investment Guarantee Agency (MIGA), the credit line from Standard Chartered will be directed towards financing investment projects in small and medium-sized businesses in sectors such as alternative energy, electrical engineering, textiles, transportation, telecommunications, and others.
The implementation of these projects will result in the creation of new jobs, the production of export-oriented products with high added value, and import substitution.