Uzbekistan intends to attract EBRD funds for US$51.18m within three projects

Askar Yakubov · 16:44, 25.10.2017 · Updated 23:23 · 375 views

Tashkent, Uzbekistan (UzDaily.uz) -- Uzbekistan plans to attract funds from the European Bank for Reconstruction and Development (EBRD) for US$51.18 million in three projects.

According to the EBRD website, Uzbekistan intends to attract US$30 million to support medium and small businesses and trade development. The funds will be provided to Ipoteka-Bank.

Within the framework of the project, US$25 million will be used to support medium and small businesses and US$5 million to develop trade.

Uzbek Leasing International A.O. will attract funds of the EBRD for US$10 million. The funds will be provided in three tranches and will be used to purchase cars, trucks, trailers and equipment for the needs of medium and small businesses.

Within the framework of the third project, Mutabar Medical Standart intends to raise funds for US$11.18 million for the pharmaceutical production project. The plant’s capacity will be 280 million ampoules of injection solutions.

Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.