BAKU, Azerbaijan, Feb. 2
By Klavdiya Romakayeva - Trend:
The Export-Import Bank of Korea (Eximbank) will allocate $120 million for the construction of a multidisciplinary clinic in Tashkent city of Uzbekistan, Trend reports with reference to the press service of Eximbank.
According to the information, the deal was a result of a bilateral online summit held between South Korean President Moon Jae-in and Uzbek President Shavkat Mirziyoyev.
It is reported that $120 million of the total loan will be directed for the construction of a general hospital in Tashkent, while $40 million would support the establishment of a chemicals R&D (Research and development) center.
It was noted that the R&D center would focus on development of products, fuel and materials utilizing Uzbekistan’s resources, including natural gas.
Eximbank uses the EDCF to support industrialization and economic growth in developing countries as well as to promote bilateral economic exchanges.
In 2014, Eximbank extended a loan worth $1 million to the Uzbek government for the establishment of the central Asian nation’s first children’s hospital. It plans to expand its cooperation with Uzbekistan by financially supporting upcoming projects, including the launch of a cancer institute and a pharmacy school.
“Uzbekistan is a key partner of our New Northern Policy, and we will expand our partnership centered on the health and medical sectors,” Eximbank CEO Bang Moon-kyu said in a statement.
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