Uzbekistan to attract 17.3m euros from KfW to develop small business

Tashkent, Uzbekistan (UzDaily.com) -- In 2009 the Uzbek government is going to attract loans worth 17.3 million euros from the German bank KfW to loan small business.

A preliminary agreement has been reached on issuing the loans under intergovernmental Uzbek-German agreements on financial cooperation and a programme on supporting the Uzbek financial sector.

There are plans to channel the loans worth 12.3 million euros into financing small business projects, and 5 million euros - into mortgage.