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Finance 06/07/2023 National Bank of Uzbekistan and British Standard Chartered Bank signed an agreement for US$100 million.
National Bank of Uzbekistan and British Standard Chartered Bank signed an agreement for US$100 million.

Tashkent, Uzbekistan (UzDaily.com) -- On 6 July this year, within the framework of the week of initiatives of the international partnership "New Uzbekistan: development, innovation and education", the Joint Stock Company "National Bank for Foreign Economic Affairs of the Republic of Uzbekistan" organized an international conference "Investor Day" - " Investment potential of New Uzbekistan”.

On the sidelines of this event, National Bank of Uzbekistan entered into an agreement to attract a credit line with the leading British bank Standard Chartered Bank under the cover of the global export credit agency Multilateral Investment Guarantee Agency (MIGA).

The Standard Chartered Bank credit line will be used to finance investment projects for small and medium-sized businesses in such areas as alternative energy, electrical engineering, textiles, transport, telecommunications and others.

As a result of the implementation of these projects, the creation of new jobs, the production of export-oriented products with high added value and import substitution will be ensured.

 

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