Baku, Azerbaijan, June 6
By Fikret Dolukhanov – Trend:
The National Bank of Uzbekistan (NBU) signed a $250-million loan agreement with the China Development Bank (CDB), the press service of the NBU announced on June 6.
The agreement was signed on June 5 in Beijing, on the eve of the Summit of the Shanghai Cooperation Organization, which will be held in China on June 9-10.
The message reads that since the beginning of cooperation in 2006, the NBU has attracted five credit lines of the CDB, with which more than 450 projects have been financed in various sectors of the economy, such as tourism, pharmaceuticals, construction materials, textile, agriculture, including deep processing of fruit and vegetable products etc.
The new agreement provides for financing of both large-scale projects and small and medium business projects that involve supply of high-tech equipment to Uzbekistan, aimed at creating import-substituting and export-oriented industries.
The credit line is accessible to entrepreneurs from all regions of the country.
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