TASHKENT, Uzbekistan, May 1. The European Bank
for Reconstruction and Development (EBRD) has approved the
provision of two senior loans totaling $15 million equivalent to
nation’s Davr Bank to support the development of micro, small, and
medium-sized enterprises (MSMEs) in Uzbekistan, Trend reports.
The first loan, amounting to $10 million equivalent, will be
extended in two equal tranches of $5 million each. The funds will
be used for on-lending to eligible youth-led or youth-owned
MSMEs.
In addition, a second senior loan of $5 million equivalent will
be disbursed in a single tranche to support a broader range of
eligible MSMEs.
These initiatives are part of the EBRD’s ongoing efforts to
enhance an access to finance for small businesses and promote
inclusive economic growth in Uzbekistan.