Tashkent, Uzbekistan (UzDaily.com) -- The Fund for Reconstruction and Development (FRDU) will allocate US$100 million to finance export-related trade and pre-export operations. 

On 13 July, President of Uzbekistan Shavkat Mirziyoyev signed a resolution “On further strengthening financial support for export activities.” 

According to the decree, the FRDU will allocate funds at the request of the Export Promotion Agency to the Export Support Fund.

The loan amount will be US$100 million. The loan is allocated for 5 years at a rate of 1% to finance export-related trade and pre-export operations.

The Government Commission on Foreign Trade, Investment, Local Industry Development and Technical Regulation has been instructed to ensure the timely and full return of financial resources allocated from the Export Support Fund.

The head of Uzbekistan instructed the commission to attract US$200 million to the Export Support Fund and commercial banks at the expense of international financial institutions, foreign government financial organizations, foreign banks and financial companies.