Tashkent, Uzbekistan (UzDaily.com) -- On 30 January, a ceremony of signing an Agreement on technical assistance worth 400,000 euros was held between Uzpromstroybank and the French Development Agency (AFD). The event was organized within the framework of the visit to our country of the AFD delegation headed by the Regional Director for Turkey, Central Asia, the Caucasus and the Western Balkans Cecil Cupri.

During the official visit of President Shavkat Mirziyoyev to France on 21-22 November last year, the Program of New Strategic Cooperation for 2025 was signed between the Government of Uzbekistan and the French Development Agency. According to the document, the activities of the AFD in Uzbekistan have expanded into a number of areas such as agriculture, energy, green economy, banking and finance, improving the conditions of the city (water supply, waste management and sewerage), and the transport industry. A loan agreement worth 30 million euros was signed between the French Development Agency and Uzpromstroybank.

The current agreement is a logical continuation of this agreement, according to which the AFD will provide technical assistance to the development of climate projects by the Bank for 4 years.

At the same time, measures are envisaged for the development of a feasibility study for the development of climate-related projects, as well as assessing the eligibility of projects, supporting technical and financial evaluation, monitoring and implementing a credit line, as well as assisting in environmental and social risk management, marketing and communication activities .

It should be noted that Uzpromstroybank became one of the first financial institutions in Central Asia to receive direct financing from the AFD without a state guarantee.

These loan funds of the AFD will contribute to the Bank’s activities in promoting and implementing green projects.

The French Development Agency (AFD), established in 1941, is a public financial institution headquartered in the city of Paris (France). Currently, the organization, which has 85 foreign offices around the world, is aimed at promoting the implementation of more than 4 thousand projects in the overseas territories of France and 115 countries in such areas as climate change, biodiversity, gender equality, education and health.